The ICE Futures canola market attempted to bounce back on Wednesday morning after having double-digit losses on Tuesday.
Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was mixed. Crude oil was steady ahead of the release of United States stockpile data later today.
The Canadian dollar was down two-tenths of a U.S. cent compared to Tuesday’s close.
Roughly 19,300 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CDT:
Jul. 588.80 up 4.40
Nov. 610.10 up 5.80
Jan. 616.50 up 5.40
Mar. 622.20 up 5.70
