ICE Canola Making Its Way Upwards

WINNIPEG, Manitoba--The ICE Futures canola market made modest gains on Thursday morning, receiving support from comparable oils.

Chicago soyoil and Malaysian palm oil were up, while European rapeseed was mostly higher. Crude oil was also on the rise after missile attacks on the Red Sea and in Iran.

The Canadian dollar was up one-tenth of a United States cent compared to Wednesday's close.

Nearly 6,200 contracts were traded. Prices in Canadian dollars per metric ton as of 9:41 a.m. ET:

Canola 
        Price     Change 
Mar.    628.20    up 1.50 
May     635.80    up 2.30 
Jul.    640.50    up 1.60 
Nov.    639.10    up 1.60 
 

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

(END) Dow Jones Newswires

01-18-24 1008ET