By Marlo Glass, MarketsFarm
WINNIPEG, March 13 (MarketsFarm) – The ICE Futures canola market showed some strength at midday, making up some of the considerable ground lost in the previous trading session.
Weakness in the soy complex on the Chicago Board of Trade prevented further rallies for canola prices. Soyoil closed down by nearly a penny on Thursday.
The Canadian dollar dipped below 72 U.S. cents, the lowest point in several years. That provided a bit of a boost to canola prices.
About 11,500 canola contracts traded as of 10:30 CDT.
Prices in Canadian dollars per metric tonne at 10:30 CDT:
Price Change
Canola May 452.30 up 1.10
Jul 460.30 up 0.90
Nov 468.80 up 0.20
Jan 476.40 up 1.10
END
