ICE Morning Comment : ICE Canola Slightly Weaker

WINNIPEG --The ICE Futures canola market was slightly lower Friday morning as prices declined for vegetable oils.

Chicago soyoil was down to start the day, as well as European rapeseed and Malaysian palm oil.

The U.S. Department of Agriculture released its monthly supply/demand estimates Thursday, with grain markets heading in a bullish direction afterward.

Crude oil was mixed with positive sentiment after China made purchases of crude and consumer prices in the U.S started showing declines.

The Canadian dollar was down three-tenths of a U.S. cent compared with Thursday's close.

Prices in Canadian dollars per metric ton as of 9:42 a.m. ET:

Canola 
    Price  Change 
Mar 840.40 dn 2.00 
May 840.20 dn 0.80 
Jul 841.20 dn 0.80 
Nov 814.50 dn 1.20 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

01-13-23 1012ET