WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange erased most of Wednesday's gains, after being led lower by falling comparable oils on Thursday.

Reports that United States President Donald Trump was unwilling to escalate the war in Iran, as well as Israel and Lebanon agreeing to a ceasefire (that was rejected by Hezbollah), pressured crude oil and took down vegetable oils with it.

Chicago soyoil lost more than two U.S. cents per pound, while European rapeseed and Malaysian palm oil were also negative.

At mid-afternoon, the Canadian dollar was down one-tenth of a U.S. cent compared to Wednesday's close.

There were 87,189 canola contracts traded on Thursday, compared to Wednesday when 111,475 contracts changed hands. Spreads accounted for 59,584 contracts in today's trade.

Settlement prices are in Canadian dollars per metric tonne. 


 
           Price      Change 
Jul       784.00    dn 14.00 
Nov       787.60    dn 14.40 
Jan       793.90    dn 14.10 
Mar       797.70    dn 14.20

Spread trade prices are in Canadian dollars: 


 
Months    Prices                            Volume 
Jul/Nov   3.00 under to 6.50 under          20,339 
Jul/Jan   9.10 under to 12.30 under            167 
Jul/May   14.00 under to 15.00 under            15 
Nov/Jan   5.60 under to 6.80 under           5,184 
Nov/Mar   7.60 under to 11.00 under            806 
Nov/May   9.70 under to 10.40 under            124 
Nov/Jul   9.50 under to 10.40 under              1 
Jan/Mar   3.50 under to 4.20 under           2,498 
Mar/May   0.40 over to 0.40 under              409 
Mar/Jul   5.50 over to 4.50 over                20 
May/Jul   6.30 over to 4.70 over               120 
Jul/Nov   68.00 over to 60.00 over             109

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

06-04-26 1506ET