ICE Review : Little Change for Canola

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were narrowly mixed on Wednesday, giving up earlier gains that came from increases in crude oil.

United States President Donald Trump announced an extension to the ceasefire with Iran on Tuesday. However, the Strait of Hormuz remains cut off to most vessel traffic as Iranian forces attacked three ships on Wednesday, seizing two of them.

As a result, crude oil gained more than US$3 per barrel. While Chicago soyoil was down, European rapeseed and Malaysian palm oil were higher.

At mid-afternoon, the Canadian dollar was down less than one-tenth of a U.S. cent compared to Tuesday's close.

There were 62,144 canola contracts traded on Wednesday, compared to Tuesday when 65,330 contracts changed hands. Spreads accounted for 39,272 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne.

 
           Price      Change 
May       721.10     up 0.10 
Jul       735.00   unchanged 
Nov       730.40     up 0.40 
Jan       736.90     dn 0.10 

Spread trade prices are in Canadian dollars:

 
Months    Prices                            Volume 
May/Jul   13.20 under to 14.20 under         7,244 
May/Nov   8.50 under to 10.30 under          1,985 
Jul/Nov   5.60 over to 3.10 over             8,935 
Jul/Jan   1.70 under to 3.40 under              98 
Jul/Mar   6.50 under to 7.40 under               5 
Nov/Jan   6.40 under to 6.90 under           1,159 
Jan/Mar   4.60 under to 5.00 under              95 
Mar/May   1.20 under to 1.70 under              39 
Mar/Jul   1.60 under to 2.10 under              39 
May/Jul   0.30 under to 0.60 under              26 
Jul/Nov   35.90 over to 34.40 over              11 
 

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

(END) Dow Jones Newswires

04-22-26 1515ET