ICE Morning Commentary : ICE Canola Eases Lower

WINNIPEG, Manitoba--The ICE Futures canola market was down slightly Friday morning, dragged by comparable oils.

Chicago soyoil and European rapeseed were in negative territory, while crude oil was losing more than US$1 per barrel due to oversupply concerns. Meanwhile, Malaysian palm oil was higher.

The Canadian dollar was up one-tenth of a U.S. cent compared with Thursday's close.

Nearly 8,200 contracts were traded. Prices in Canadian dollars per metric ton as of 9:37 a.m. ET:

Canola 
     Price  Change 
Mar. 569.80 dn 0.60 
May  580.30 dn 1.00 
Jul. 589.00 dn 0.60 
Nov. 595.00 dn 1.10 
 

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

(END) Dow Jones Newswires

02-23-24 1001ET