By Glen Hallick, MarketsFarm
WINNIPEG, March 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, gleaning support from other vegetable oils.
There were moderate upticks in the Chicago soy complex, as well as gains in European rapeseed and Malaysian palm oil. However, pressure from a small downturn in global crude oil prices weighed on the veg oils.
The Canadian dollar was slightly lower with the loonie at 73.39 U.S. cents compared to Tuesday’s close of 73.48.
About 9,150 contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric tonne at 8:35 CST:
Price Change
Canola May 825.70 up 6.50
Jul 820.60 up 6.70
Nov 798.70 up 10.00
Jan 802.20 up 8.90
