WINNIPEG, Manitoba--Intercontinental Exchange canola futures couldn't maintain earlier increases as pressure from losses in other oilseeds proved too much.

The Chicago soy complex was weaker Thursday, and soyoil turned sour as the session progressed. Losses in European rapeseed and Malaysian palm oil added to the declines.

Increases in global crude-oil prices tried to stymie the losses in the vegetable oils as did spillover from a positive quarterly earnings report from tech giant Nvidia.

Earlier increases in canola were chalked up to possible purchases by China, spreaders moving away from soybeans back to canola, or short covering.

The Canadian dollar was higher at 74.15 U.S. cents compared to Wednesday's close of 74.01.

An estimated 48,782 contracts traded on Thursday, compared to Wednesday when 46,215 contracts changed hands. Spreading accounted for 23,510 contracts traded.

Prices are in Canadian dollars per metric ton:

   Contracts  Price   Change 
   Mar        570.40  dn 3.60 
   May        581.30  dn 2.80 
   Jul        589.60  dn 3.80 
   Nov        596.10  dn 4.00 

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

   Contracts  Prices                      Volume 
   Mar/May     9.00 under to 11.20 under  6,272 
   Mar/Jul    16.80 under to 19.40 under     37 
   Mar/Nov    23.10 under to 23.90 under     19 
   May/Jul     7.50 under to 9.20 under   4,293 
   May/Nov    13.30 under to 14.60 under     42 
   Jul/Nov     5.60 under to 6.80 under   1,082 
   Nov/Jan     5.50 under                    10 

Source: MarketsFarm,

(END) Dow Jones Newswires

02-22-24 1543ET