ICE canola correcting higher Thursday morning

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Published: 6 days ago

Glacier FarmMedia — The ICE canola market was mostly higher Thursday morning, taking back some of Wednesday’s losses amid ideas the selloff was overdone.

Gains in European rapeseed and Malaysian palm oil provided some spillover support for the Canadian oilseed, although the Chicago soy complex was weaker.

The advancing canola harvest kept a lid on the upside, with ongoing uncertainty over Chinese demand also overhanging the market.

About 11,500 canola contracts had traded as of 8:44 CDT.

Prices in Canadian dollars per metric tonne at 8:44 CDT:

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North American grain/oilseed review: Canola up in ‘turnaround Tuesday’ trade

Glacier FarmMedia — ICE canola futures strengthened in “turnaround Tuesday” activity, recovering most of Monday’s losses amid ideas recent declines…

Canola            Nov   631.30    up  3.20

                  Jan   643.20    up  2.90

                  Mar   654.00    up  2.30

                  May   663.30    up  1.70

To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/

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