ICE Morning Commentary : ICE Canola Continues Its Downturn

WINNIPEG, Manitoba--The ICE Futures canola market was maintaining its downward slide going into the weekend despite stronger comparable oils.

Malaysian palm oil was up while European rapeseed was mostly higher. Crude oil continued to add onto its gains after bouncing back Thursday. However, Chicago soyoil was lower.

The Canadian dollar was up nearly two-tenths of a U.S. cent compared with Thursday's close.

Nearly 19,000 contracts were traded. Prices in Canadian dollars per metric ton as of 9:38 a.m. ET:

Canola 
     Price  Change 
Jan. 645.40 dn 6.30 
Mar. 657.90 dn 6.00 
May  666.30 dn 5.50 
Jul. 671.90 dn 5.60 

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

(END) Dow Jones Newswires

12-15-23 1114ET