Canola dipped at midday Monday

By Marlo Glass, MarketsFarm

WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was steady to down at midday Thursday.

Rain in key growing areas of the Prairies put a lid on canola prices, though precipitation in the region remains below-average.

Further losses in the canola market were avoided thanks to strong U.S. soybean prices, buoyed by flood-like conditions across the Midwest. Planting for corn was pushed past the preventative plant cutoff, further supporting canola prices.

A strong Canadian dollar, following the rising tide of oil prices, capped further gains in the canola market.

About 18,000 canola contracts traded as of 11:00 CDT.

Prices in Canadian dollars per metric tonne at 11:00 CDT:

Price Change
Canola Jul 459.70 dn 0.50
Nov 475.40 dn 1.60
Jan 481.70 dn 2.00
Mar 488.10 dn 0.80

Futures Prices as of June 20, 2019

Price Change
Milling Wheat
1970-01-01 00:00
Price Change
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton


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