Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small losses on Thursday amidst mixed sentiment in comparable oils.
Chicago soyoil and Malaysian palm oil were higher to start the day while European rapeseed was lower. Crude oil was on the rise today after United States President Donald Trump claimed that India will stop buying Russian oil. Crude oil prices hit a five-month low on Wednesday.
The Canadian dollar was steady compared to Wednesday’s close.
Sunny skies and temperatures exceeding 10 degrees Celsius are in the forecast for Alberta and most of Saskatchewan today. Southern Manitoba will see rain showers.
Nearly 19,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CDT:
Nov 619.50 dn 0.90
Jan 633.40 dn 0.90
Mar 644.40 dn 0.40
May 653.70 dn 0.30
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
