Glacier FarmMedia — The ICE canola market was narrowly mixed Wednesday morning, seeing some consolidation after moving higher earlier in the week.
Gains in Chicago soybeans and soyoil provided spillover support. Malaysian palm oil was also stronger, although European rapeseed was steady to lower.
The ongoing lack of export sales to China remained a bearish influence overhanging the market, with ample supplies in the commercial system as harvest operations wrap up across the Prairies.
About 16,700 canola contracts had traded as of 8:47 CDT.
Prices in Canadian dollars per metric tonne at 8:47 CDT:
Canola Nov 615.00 unchanged
Jan 628.60 up 0.50
Mar 640.10 up 0.80
May 650.00 up 0.70
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
