ICE Canola Rises with Currency Issues

Posted

By Dave Sims, Commodity News Service Canada


WINNIPEG, October 5 – Canola contracts on the ICE Futures Canada platform were slightly higher Thursday morning, due to action in the Canadian currency.


The Canadian dollar was lower, relative to its US counterpart, which made canola more enticing to international buyers.


Gains in US soybeans, Malaysian palm oil and European rapeseed futures were supportive for canola.


Demand from crushers and exporters was supportive.


However, weather conditions across the Prairies have improved and harvest is slowly resuming.


Rain in Brazil has helped replenish soil moisture in major soybean growing areas, which was bearish.


Milling wheat, barley and durum were untraded.


Prices in Canadian dollars per metric ton at 9:00 CDT:

Commodity Future Prices

Canola
updated 2017-10-05 09:07
Price Change
Nov494.61.20
Jan500.91.20
Mar505.60.40
May508.20.40
Milling Wheat
updated 2017-10-05 00:00
Price Change
Oct227.00p0.00
Dec229.00p0.00
Mar234.00p-1.00
May239.00p-1.00
Durum
updated 2017-10-05 00:00
Price Change
Oct279.00p-1.00
Dec281.00p0.00
Mar286.00p1.00
May288.00p1.00
New Barley
updated 2017-10-05 00:00
Price Change
Oct145.00p0.00
Dec148.00p0.00
Mar151.00p0.00
May151.00p0.00

Prices are in Canadian dollars per metric ton