ICE Canada Morning Comment : Canola Mixed

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were chalking up small increases in the nearby contracts Thursday morning, while the more deferred positions dipped lower.

There was mixed support as well from the Chicago soy complex, with soyoil nudging up slightly. There were sharp losses in Malaysian palm oil while European rapeseed eased back.

Crude oil was stronger following reports that said Iran's Supreme Leader won't allow the country's enriched uranium to be shipped abroad.

Manitoba reported spring planting reached 37% complete, 20 points behind a year ago. Small amounts of oilseeds, included canola, have been seeded.

The Canadian dollar was falling back Thursday morning at 72.53 U.S. cents, compared with Wednesday's close of 72.72.

About 13,650 contracts had been traded by 9:41 a.m. ET and prices in Canadian dollars per metric tonne were:

Canola 
           Price      Change 
Jul       750.50     up 0.70 
Nov       759.40     up 0.50 
Jan       767.10     up 0.20 
Mar       771.90     dn 0.90 
 

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

(END) Dow Jones Newswires

05-21-26 1004ET