Glacier FarmMedia – Canola futures on the Intercontinental Exchange were showing small gains in the middle of Thursday trading, receiving support from comparable oils.
Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was lower. Chicago soybeans and soymeal also turned negative. Crude oil gained more than US$1 per barrel amid growing tensions between the United States and Iran. Both countries met for peace talks in Geneva today.
The Canadian dollar was steady compared to Wednesday’s close.
About 41,600 canola contracts have traded at 10:20 CST. Prices in Canadian dollars per metric tonne:
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By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Thursday morning, underpinned by…
Price Change
May 692.80 up 1.40
Jul 703.60 up 1.80
Nov 698.00 up 1.90
Jan 705.20 up 1.70
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