WINNIPEG, Manitoba– The ICE Futures canola market ended the trading week higher despite mixed sentiment in comparable oils.
While European rapeseed made gains, Chicago soyoil and Malaysian palm oil were both in the red. Crude oil prices were steady to lower. There will be no trading on Friday due to the Good Friday holiday.
At midafternoon, the Canadian dollar was down less than one-tenth of a U.S. cent compared to Wednesday’s close. Statistics Canada reported Thursday that the country’s economy added 35,000 jobs in March.
About 35,296 canola contracts were traded on Thursday, which compares with Wednesday when 39,063 contracts changed hands.
Spreading accounted for 25,100 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Canola Price Change May 771.40 up 7.70 Jul 748.00 up 3.10 Nov 715.10 up 1.90 Jan 718.30 up 1.80
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Months Prices Volume
May/Jul 23.90 over to 17.60 over 8,627
May/Nov 56.50 over to 52.90 over 676
Jul/Nov 33.60 over to 30.00 over 3,181
Jul/Jan 29.10 over 1
Nov/Jan 3.20 under to 3.60 under 58
Jan/Mar 3.70 under to 3.80 under 7
Source: Commodity News Service Canada, [email protected]
(END) Dow Jones Newswires
04-06-23 1539ET
