WINNIPEG, Manitoba--The ICE Futures canola market suffered double-digit losses on Thursday amid mostly negative sentiment in comparable oils.

Despite continuing tensions in the Middle East, crude oil was down. Chicago soyoil and European rapeseed were also lower, while Malaysian palm oil prices were higher.

At mid-afternoon, the Canadian dollar was steady compared to Wednesday's close.

There were 30,559 canola contracts traded on Thursday, which compares with Wednesday when 27,269 contracts changed hands. Spreading accounted for 11,990 of the contracts traded. 


 
Settlement prices are in Canadian dollars per metric ton. 
 
Canola      Price           Change 
 Mar        631.50          dn 10.40 
 May        639.40          dn 10.40 
 Jul        645.60          dn 10.40 
 Nov        645.00          dn 10.50 
 
Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 
 
Jan/Mar          9.00 under                       250 
Mar/May          7.80 under to 8.40 under       2,993 
Mar/Jul         13.50 under to 14.80 under        210 
Mar/Nov         12.20 under to 13.70 under        394 
May/Jul          5.50 under to 6.60 under       1,193 
Jul/Nov          1.80 over to 0.30 over           848 
Nov/Jan          0.00 to 0.60 under               107

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


(END) Dow Jones Newswires

01-04-24 1519ET