Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise steadily on Thursday while crude oil pulled back slightly.
New Iranian attacks on crude oil infrastructure in the Middle East initially caused prices to increase. Brent crude oil surpassed US$112 per barrel this morning, while West Texas Intermediate exceeded US$100 for the first time since March 9. However, Brent retreated to US$102.70 and WTI to US$94.70 in the afternoon.
There was mixed sentiment in vegetable oils. Chicago soyoil and European rapeseed were down, while Malaysian palm oil was up.
Read Also
U.S. Grain/Oilseed Review: Positive movement in CBOT grains
Glacier FarmMedia – CORN posted gains for the third straight session and the sixth time in seven sessions on the…
At mid-afternoon, the Canadian dollar was down more than one-tenth of a U.S. cent compared to Wednesday’s close.
There were 84,146 canola contracts traded on Thursday, compared to Wednesday when 95,981 contracts changed hands. Spreads accounted for 58,642 contracts in today’s trade.
Settlement prices are in Canadian dollars per metric tonne.
May 728.30 up 2.10
Jul 741.10 up 3.80
Nov 733.80 up 7.50
Jan 737.90 up 7.40
Spread trade prices are in Canadian dollars:
May/Jul 11.00 under to 12.90 under 19,007
May/Nov 0.50 over to 6.70 under 295
May/Jan 6.90 under to 10.70 under 14
Jul/Nov 12.20 over to 6.00 over 8,716
Jul/Jan 7.70 over to 2.70 over 18
Nov/Jan 3.70 under to 4.30 under 1,103
Jan/Mar 2.40 under to 3.00 under 73
Jan/May 3.60 under 1
Jan/Jul 3.60 under to 4.00 under 50
Mar/May 0.70 under to 1.30 under 1
May/Jul 0.20 under to 0.90 under 7
Jul/Nov 25.30 over to 23.50 over 36
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
