Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were stronger in the middle of Friday trading despite mostly negative sentiment in comparable oils.
European rapeseed was mostly higher, while Chicago soyoil and Malaysian palm oil were lower. Crude oil was down on Chevron’s potential resumption of operations in Venezuela.
The Canadian Prairies will see scattered rainfall and thunderstorms today and this weekend. Central and southern Alberta are expected to receive the heaviest precipitation.
The Canadian dollar was down one-third of a U.S. cent compared to Thursday’s close.
About 16,200 canola contracts have traded at 10:10 CDT. Prices in Canadian dollars per metric tonne:
Price Change
Nov 698.80 up 3.10
Jan 708.30 up 3.20
Mar 713.10 up 1.50
May 718.20 up 2.30
