WINNIPEG, Manitoba--ICE canola futures were mostly higher Thursday morning, although activity was choppy and rangebound as the market consolidated after the large price swings earlier in the week.
Wednesday's settlement above 790 Canadian dollars per ton in the November contract was supportive from a chart standpoint, with the next upside target coming in at C$800 per tonne.
Crude oil was firmer in early activity, providing some spillover support.
However, Chicago soyoil and European rapeseed futures were lower, while Malaysian palm oil held steady.
The Canadian dollar was firm in early activity, trading at its highest level of the past month relative to its United States counterpart.
