Glacier FarmMedia – Canola futures on the Intercontinental Exchange recovered some of the previous day’s losses on Wednesday, while being supported by rising crude oil prices.
Crude oil was up more than US$1 per barrel after United States President Donald Trump threatened additional tariffs on Indian goods due to the country purchasing Russian oil.
Chicago soyoil was up, but European rapeseed and Malaysian palm oil were down.
Light rains and thunderstorms are forecast for much of the Prairies today.
The Canadian dollar was up more than two-tenths of a U.S. cent compared to Tuesday’s close.
Nearly 13,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CDT:
Nov 677.30 up 5.10
Jan 689.00 up 4.80
Mar 697.20 up 4.30
May 703.60 up 3.70
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
