WINNIPEG, Manitoba--Intercontinental Exchange canola futures closed stronger on Thursday, guided by gains in Chicago soyoil, MATIF rapeseed and crude oil.
Malaysian palm oil finished relatively steady and declines in Chicago soybeans and soymeal tempered canola's upside.
Jamie Wilton, a trader with R.J. O'Brien & Associates in Winnipeg, said the rolling out of the May contract also influenced canola.
While the July canola contract remained below its 20-day average, it climbed further above its 50-day average.
Canola crush margins were also on the rise, with the July position adding about C$13 at more than C$323 per tonne above the futures.
Agriculture and Agri-Food Canada is scheduled to issue its next supply and demand estimates. The trade will be looking for any notable changes from the March report.
The Canadian dollar was higher on Thursday afternoon, with the loonie reaching 72.99 U.S. cents, compared to Wednesday's close of 72.75.
There were 82,503 canola contracts traded on Thursday, compared to 80,679 on Wednesday. Spreading accounted for 62,708 contracts traded.
Prices are in Canadian dollars per metric tonne:
Price Change
May 710.40 up 4.50
Jul 724.30 up 5.70
Nov 722.80 up 3.90
Jan 729.80 up 3.20 Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume May/Jul 12.60 under to 14.50 under 22,067 May/Nov 11.40 under to 14.20 under 477 May/Jan 19.30 under to 20.30 under 182 May/Mar 24.60 under to 24.70 under 7 Jul/Nov 2.50 over to 1.40 under 6,661 Jul/Jan 4.70 under to 7.80 under 147 Jul/Mar 10.70 under to 11.90 under 11 Nov/Jan 6.90 under to 7.70 under 1,567 Nov/Mar 12.10 under to 12.90 under 7 Jan/Mar 5.00 under to 5.60 under 164 Mar/May 1.10 under to 1.70 under 37 May/Jul 0.10 under to 0.30 under 22 Jul/Nov 31.10 over to 28.00 over 5
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
04-16-26 1511ET
