ICE Canadian canola futures slipped on Thursday. It was a quiet day on the canola market, a trader said, adding that canola was being driven by swings in the Canadian dollar and the oil market. May canola shed $1.60 to $463.50 per tonne. May-July canola spread traded 4,066 times.
The Canadian dollar was unchanged against its US counterpart on Thursday, with the loonie trading in a seesaw fashion as a surge in US jobless claims weighed on investor sentiment, offsetting a rally in oil prices.
US wheat futures fell for a fourth straight session on Thursday, extending prior-day loses as weak US export sales data stoked concerns about the coronavirus pandemic destroying demand. Euronext May rapeseed futures rose and Malaysian June palm oil futures fell.