ICE Morning Commentary : Canola Moves Upwards

WINNIPEG, Manitoba--The ICE Futures canola market had modest gains on Thursday morning despite overall weakness in comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. Despite signs of a tightening market, crude oil was also in negative territory.

The Canadian dollar was up less than one-tenth of a United States cent.

Nearly 13,500 contracts were traded.

Prices in Canadian dollars per metric ton as of 8:36 CST:

 
        Price   Change 
 Mar.   576.90  up 2.90 
 May    587.30  up 3.20 
 Jul.   596.10  up 2.70 
 Nov.   601.70  up 1.60 
 

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

(END) Dow Jones Newswires

02-22-24 1003ET