Glacier FarmMedia MarketsFarm – The ICE Futures canola market saw its nearby contracts move upwards on Thursday morning to go along with largely positive sentiment in comparable oils.
Chicago soyoil and Malaysian palm oil were higher while crude oil also rose due to the International Energy Agency (IEA) projecting a supply deficit until the end of 2024. However, European rapeseed was mixed.
The Canadian dollar was steady compared to Wednesday’s close.
Nearly 9,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
May 629.20 up 4.20
Jul. 637.70 up 2.90
Nov. 645.40 up 2.60
Jan. 649.60 dn 0.80
