WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were lower on Thursday after the United States and Iran signed the deal to end their war.
Three Saudi-flagged supertankers carrying six million barrels of crude oil sailed through the Strait of Hormuz earlier Thursday, but the waterway's reopening only resulted in crude oil prices declining by more than US$1 per barrel.
Chicago soyoil lost more than one U.S. cent per pound and European rapeseed was down. Malaysian palm oil made gains.
Alberta and Saskatchewan were forecast to see rain with a chance of thunderstorms Thursday with daytime temperatures up to 20 degrees Celsius. Meanwhile, southern Manitoba will be sunny.
The Canadian dollar was down four-tenths of a U.S. cent compared to Wednesday's close, supporting canola.
