Glacier FarmMedia — ICE canola futures were posting small gains Thursday morning, taking back some of Wednesday’s losses as speculators adjusted positions.
Advances in Chicago soybeans provided spillover support, although soyoil was softer. Outside markets were also mixed, with gains in European rapeseed and a weaker tone in Malaysian palm oil.
Canola futures remained relatively rangebound from a chart standpoint, trading within the highs and lows of Wednesday’s activity.
Wide crush margins were thought to be keeping some domestic processor interest in the market, although the ongoing lack of export demand from China kept a lid on the upside.
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By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Friday, as the recent rally…
About 8,600 canola contracts had traded as of 8:41 CST.
Prices in Canadian dollars per metric tonne at 8:41 CST:
Canola Jan 652.30 up 1.90
Mar 664.80 up 1.70
May 674.80 up 1.90
Jul 679.90 up 1.90
Access the latest futures prices at https://www.producer.com/markets-futures-prices/
