Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell back into negative trading on Friday despite mixed sentiment in comparable oils.
While Malaysian palm oil was higher this morning, Chicago soyoil and European rapeseed were lower. Crude oil was steady to higher as some OPEC+ members stated that upcoming supply hikes will be contingent on market conditions.
The Canadian dollar was down two-tenths of a United States cent compared to Thursday’s close.
Roughly 10,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CDT:
Jul. 630.40 dn 9.40
Nov. 653.00 dn 7.70
Jan. 660.20 dn 6.60
Mar. 667.80 dn 3.20
