Canola mostly lower at midday Tuesday

By Phil Franz-Warkentin, MarketsFarm

WINNIPEG, Jan. 14 (MarketsFarm) – ICE Futures canola contracts were trading to both sides of unchanged at midday Tuesday, with the bias turning lower in thin and choppy activity.

Early losses in Chicago Board of Trade soyoil put some pressure on the market, but soyoil recovered and canola also found support, according to a broker.

He described activity as “jittery,” as traders await more details on the Phase One trade deal between the United States and China set to be signed in Washington on Wednesday.

“Everybody is anticipating some kind of news to pop up, but nobody is too confident about exactly what that will be,” said the broker.

About 8,400 canola contracts traded as of 10:49 CST.

Prices in Canadian dollars per metric tonne at 10:49 CST:

Price Change
Canola Mar 482.50 dn 0.40
May 491.10 dn 0.70
Jul 496.20 dn 0.90
Nov 498.00 dn 0.90

Futures Prices as of January 14, 2020

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
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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