ICE Canola Near-Term Futures Higher

WINNIPEG, Manitoba--The ICE Futures canola market was mixed on Thursday morning along with comparable oils.

Crude oil had a positive bias as TC Energy re-opened one portion of the Keystone pipeline. U.S. crude oil stocks increased by 10.2 million barrels last week, the largest gain since March 2021.

Chicago soyoil was slightly lower, while European rapeseed was lower and Malaysian palm oil was higher.

The Canadian dollar was down by one-quarter of a U.S. cent from Wednesday's close.

About 6,600 canola contracts were traded as of 9:40 a.m. ET.

Prices in Canadian dollar per metric ton as of 9:40 a.m. ET:

          Price    Change 
 
   Jan    880.50   up 5.30 
   Mar    863.20   up 2.50 
   May    852.60   dn 1.60 
   Jul    843.00   dn 6.80 

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

(END) Dow Jones Newswires

12-15-22 1012ET