ICE canola continues higher Thursday morning

Posted

By Phil Franz-Warkentin, Commodity News Service Canada


WINNIPEG, Sept. 14 (CNS Canada) – ICE Futures Canada canola contracts were stronger Thursday morning, seeing some follow-through buying interest after yesterday’s recovery off of nearby lows.


Cooler and wetter conditions across most of Western Canada are expected to cause harvest delays in some areas, which added to the firmer tone in canola.


Early weakness in the Canadian dollar, which was trading back below 82 US cents, and strength in the Chicago Board of Trade soy complex were also supportive.


However, seasonal harvest pressure remained a bearish influence in the background, despite the nearby delays, as farmers continue to make steady deliveries into the commercial pipeline.


About 7,000 canola contracts had traded as of 8:56 CDT.


Milling wheat, durum, and barley futures were all untraded.

Commodity Future Prices

Canola
updated 2017-09-14 08:57
Price Change
Nov490.53.40
Jan497.63.80
Mar503.43.10
May507.53.40
Milling Wheat
updated 2017-09-14 00:00
Price Change
Oct232.002.00
Dec235.002.00
Mar240.00-1.00
May244.00-2.00
Durum
updated 2017-09-14 00:00
Price Change
Oct281.000.00
Dec285.000.00
Mar289.000.00
May292.000.00
New Barley
updated 2017-09-14 00:00
Price Change
Oct145.000.00
Dec148.000.00
Mar151.000.00
May151.000.00

Prices are in Canadian dollars per metric ton