WINNIPEG, Manitoba--The ICE Futures canola market was slightly below unchanged on Thursday, despite positive momentum late in trading.

Chicago soyoil, European rapeseed and Malaysian palm oil were all in decline. Crude oil recovered from earlier losses to make strong gains.

At mid-afternoon, the Canadian dollar was up more than one-tenth of a U.S. cent compared to Wednesday's close.

Parts of southeastern Alberta and southwestern Saskatchewan are expected to see at least 20 millimetres of water equivalent precipitation today. Meanwhile, the eastern Prairies will be dry with high temperatures above 10 degrees Celsius.

There were 45,696 canola contracts traded on Thursday, which compares with Wednesday when 41,715 contracts changed hands.

Spreading accounted for 23,052 of the contracts traded.

Settlement prices are in Canadian dollars per metric tonne. 


 
        Price   Change 
 May    633.60  dn 0.60 
 Jul    642.40  dn 0.50 
 Nov    650.30  dn 1.10 
 Jan    657.20  dn 1.30

Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 


 
 Months             Prices              Volume 
 May/Jul    8.60 under to 9.00 under     8,629 
 May/Nov    16.40 under to 17.30 under     173 
 May/Jan    23.30 under to 24.30 under      31 
 Jul/Nov    7.50 under to 8.50 under     2,432 
 Nov/Jan    6.80 under to 7.20 under       258 
 Jan/Mar    2.20 under                       1 
 Mar/May    2.20 under                       1 
 May/Jul    7.00 over                        1

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


(END) Dow Jones Newswires

04-04-24 1519ET