WINNIPEG, Manitoba--The ICE Futures canola market was slightly lower Thursday morning amid a largely negative sentiment in comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. However, crude oil made small gains as tensions in the Middle East outweighed growing U.S. stockpiles.
The Canadian dollar was up nearly two-tenths of a U.S. cent compared with Wednesday's close.
Light snow fell onto parts of Saskatchewan and Manitoba Thursday morning with high temperatures across the Prairies hovering around the freezing mark.
Nearly 8,800 contracts were traded. Prices in Canadian dollars per metric ton as of 9:40 a.m. ET:
Canola
Price Change
May 609.30 dn 2.30
Jul. 622.40 dn 1.40
Nov. 638.00 dn 0.20
Jan. 646.10 dn 0.40
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
04-18-24 1005ET
