WINNIPEG, Manitoba--The ICE Futures canola market maintained its positive momentum on Friday morning to go with similar sentiment in comparable oils.
The Canadian Grain Commission reported 202,500 tonnes of canola exported during the week ended Jan. 19, just 500 less than the previous week. So far this marketing year, 5.129 million tonnes were shipped compared to 2.688 million one year ago.
Chicago soyoil and Malaysian palm oil were higher to start the day, while crude oil was up despite U.S. President Donald Trump saying he'd push OPEC+ to lower prices. Meanwhile, European rapeseed was lower.
The Canadian dollar was up two-tenths of a U.S. cent compared to Thursday's close.
Nearly 6,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CST:
Price Change Mar. 639.80 up 2.40 May 648.40 up 2.10 Jul. 654.00 up 1.90 Nov. 641.30 up 2.20
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
01-24-25 1006ET