ICE Canola Moving Upwards

WINNIPEG, Manitoba--The ICE Futures canola market was higher Thursday morning due to increases in comparable oils.

European rapeseed and Malaysian palm oil were making gains, while Chicago soyoil was steady. Crude oil was also advancing due to a weaker U.S. dollar.

The Canadian dollar was up more than two-tenths of a U.S. cent compared with Wednesday's close.

Prices in Canadian dollars per metric ton as of 9:40 a.m. ET:

 
   Canola     Price     Change 
      May     776.70    up 6.70 
      Jul     757.80    up 5.70 
      Nov     730.00    up 5.00 
      Jan     733.20    up 4.50 
 

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

(END) Dow Jones Newswires

03-30-23 1007ET