By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 14 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Friday due to a lack of supportive influences.
Slight losses in Chicago soyoil kept pressure on canola prices. Nearby soyoil contracts were down by a tenth of a cent in early morning trade.
Continued strength to the Canadian dollar also kept a lid on canola. The loonie was around 75.5 U.S. cents during early morning trade.
Looming harvest activity has also kept pressure on canola prices.
About 3,500 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 485.40 dn 1.40
Jan 491.50 dn 1.30
Mar 495.50 dn 0.80
May 498.50 dn 0.70
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