Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Friday trading, continuing their choppy activity.
Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was lower. Crude oil was also down as the meeting between U.S. President Donald Trump and Russian President Vladimir Putin brought optimism in the crude oil market.
An analyst said it is important for Chicago soyoil to solidify its gains after dropping heavily on Thursday.
The western Prairies will see cooler temperatures today and this weekend with rain and thunderstorms to follow in Alberta.
The Canadian dollar was steady compared to Thursday’s close.
About 26,300 canola contracts have traded at 10:26 CDT. Prices in Canadian dollars per metric tonne:
Price Change
Nov 657.30 up 2.80
Jan 670.20 up 3.20
Mar 680.60 up 3.10
May 689.60 up 2.80
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
