Glacier FarmMedia MarketsFarm – The ICE Futures canola market showed modest declines on Friday morning amidst negative sentiment in comparable oils.
Chicago soyoil and European rapeseed were both down, while Malaysian palm oil was higher in the nearby contracts and lower in the deferreds. Crude oil also declined despite a potential supply deficit for the rest of the year.
The Canadian dollar was down one-tenth of a United States cent compared to Thursday’s close.
Nearly 9,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
May 621.60 dn 1.60
Jul. 631.80 dn 1.50
Nov. 640.10 dn 1.50
Jan. 647.50 dn 2.00
