WINNIPEG, Manitoba--The ICE Futures canola market took a step back on Thursday, losing some of its gains from Wednesday.
Chicago soyoil, Malaysian palm oil and European rapeseed were all lower. Crude oil continued to pull back despite tightened United States stockpiles.
At mid-afternoon, the Canadian dollar was up more than one-tenth of a U.S. cent compared to Wednesday's close.
There were 61,601 canola contracts traded on Thursday, which compares with Wednesday when 69,761 contracts changed hands. Spreading accounted for 33,598 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton. Canola Price Change May 642.90 dn 5.70 Jul 652.40 dn 4.80 Nov 660.50 dn 3.00 Jan 668.30 dn 2.70 Spread trade prices are in Canadian dollars and the volume represents the number of spreads: May/Jul 7.90 under to 9.80 under 9,757 May/Nov 14.00 under to 18.10 under 308 May/Mar 26.70 under to 28.30 under 4 Jul/Nov 5.70 under to 8.40 under 6,114 Nov/Jan 7.10 under to 7.90 under 536 Jan/Mar 2.60 under to 3.40 under 60 Mar/May 2.40 over to 1.50 over 12 May/Jul 6.40 over 8
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
03-21-24 1511ET