ICE Canola Mostly Positive

WINNIPEG, Manitoba--The ICE Futures canola market saw its nearby contracts move upward Thursday morning to go along with largely positive sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil were higher, while crude oil also rose due to the International Energy Agency projecting a supply deficit until the end of 2024. However, European rapeseed was mixed.

The Canadian dollar was steady compared to Wednesday's close.

Nearly 9,200 contracts were traded.

Prices in Canadian dollars per metric ton as of 8:38 CDT:

 
                   Price    Change 
Canola        May  629.20  up 4.20 
              Jul  637.70  up 2.90 
              Nov  645.40  up 2.60 
              Jan  649.60  dn 0.80 
 
 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

03-14-24 1010ET