WINNIPEG, Manitoba--The ICE Futures canola market couldn't hold onto early gains and closed lower on a lack of support from comparable oils.
Crude oil and Chicago soyoil were both lower Wednesday. European rapeseed and Malaysian palm oil fell in the nearby contracts.
The Canadian dollar lost more than one-tenth of a U.S. cent compared to Tuesday's close.
There were 46,880 canola contracts traded, which compares with Tuesday when 61,170 contracts changed hands. Spreading accounted for 21,338 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Contracts Prices Change
May 626.70 dn 7.70 Jul 639.40 dn 6.80 Nov 655.20 dn 3.70 Jan 663.10 dn 3.60
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Contracts Prices Volume May/Jul 9.10 under to 12.90 under 4,012 May/Nov 20.60 under to 28.70 under 119 May/Jan 28.00 under to 36.30 under 95 Jul/Nov 10.70 under to 15.80 under 5,427 Jul/Jan 18.20 under to 23.70 under 214 Nov/Jan 6.90 under to 8.00 under 768 Nov/Jul 2.00 over 5 Jan/Mar 2.30 under to 3.00 under 17 Mar/May 2.60 over to 2.10 over 6 May/Jul 7.40 over to 6.00 over 6
Source: MarketsFarm, news@marketsfarm.com
(END) Dow Jones Newswires
04-24-24 1537ET