WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange on Thursday were recovering from Wednesday's losses, supported by crude and vegetable oils.

U.S. President Donald Trump delivered a televised address Wednesday, saying U.S. forces could hit Iran hard over the next two to three weeks. He stopped short of saying when he expects the war to end. Crude oil surged by between $8 and $14 per barrel this morning.

Chicago soyoil gained more than one U.S. cent per pound, while European rapeseed and Malaysian palm oil were also higher.

The Canadian dollar was down more than one-tenth of a U.S. cent compared with Wednesday's close.

There will be no trading on Friday due to the Good Friday holiday.

Nearly 19,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 a,n, CDT: 


 
           Price      Change 
May       729.60    up 11.10 
Jul       743.10    up 11.30 
Nov       736.20    up 10.70 
Jan       741.70    up 10.30

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

04-02-26 1025ET