By Marlo Glass, MarketsFarm
WINNIPEG, June 22 – ICE Futures canola contracts were on either side of unchanged at midday Monday, with strength in nearby months due to end-of-month-positioning as the July contract nears its expiry date.
Weakness in Chicago’s soy complex pressured canola values. Nearby soyoil contracts were higher by about a tenth of a cent at midday.
Relative strength in the Canadian dollar kept a lid on gains for canola values. The loonie was at 73.7 cents at midday.
Approximately 9,000 canola contracts were traded as of 10:30 CDT.
Prices in Canadian dollars per metric tonne at 10:30 CDT:
Price Change
Canola Jul 474.80 up 0.90
Nov 477.40 dn 0.70
Jan 483.50 dn 0.60
May 489.00 dn 0.60
