WINNIPEG -- Canola futures on the Intercontinental Exchange made modest gains on Thursday with the help of crude oil.
Wednesday's attacks on Saudi oil tankers by Iran-backed Houthi rebels as well as caution towards a potential new deal to reopen the Strait of Hormuz caused crude oil prices to rise more than US$2 per tonne. European rapeseed was higher, while Chicago soyoil and Malaysian palm oil were lower.
At mid-afternoon, the Canadian dollar was up less than one-tenth of a U.S. cent compared to Wednesday's close.
There were 40,187 canola contracts traded on Thursday, compared to Wednesday when 41,612 contracts changed hands. Spreads accounted for 21,114 contracts in today's trade.
Settlement prices are in Canadian dollars per metric tonne.
