WINNIPEG – The ICE Futures canola market was mixed Friday morning, with gains in the nearby January contract and a softer tone in the more deferred positions. Canola was down sharply on Thursday while United States markets were closed for Thanksgiving.
Chicago soyoil lost more than one U.S. cent per pound, but European rapeseed was mixed. Crude oil showed some weakness due to a dispute within OPEC+ over supply cuts.
The Canadian dollar was up nearly one-third of a U.S. cent compared to Thursday’s close.
Nearly 8,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CST:
Jan. 697.50 up 0.80
Mar. 701.00 dn 0.30
May 704.80 dn 0.40
Jul. 706.70 dn 1.50
