WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange showed modest gains Wednesday morning despite a peace deal between the U.S. and Iran becoming more of a reality.

Crude oil added nearly US$1 per barrel after a 14-point peace plan between the two countries was reported, which included the reopening of the Strait of Hormuz. Chicago soyoil, European rapeseed and Malaysian palm oil also were higher.

The Prairies will see temperatures in the high teens to low-20 degrees Celsius Wednesday, with rain and a chance of thunderstorms in the forecast.

The Canadian dollar was down less than one-tenth of a U.S. cent compared with Tuesday's close.

Nearly 14,500 contracts were traded. Prices in Canadian dollars per metric ton as of 9:43 a.m. ET: 


Canola 
           Price      Change 
Jul       750.50     up 1.60 
Nov       756.20     up 2.30 
Jan       764.60     up 2.20 
Mar       770.50     up 2.60

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

06-17-26 1014ET