Canola prices steady at midday on Friday

By Marlo Glass, MarketsFarm

WINNIPEG, Nov. 29 (MarketsFarm) – The ICE Futures canola market was steady at midday on Friday, bouncing around in light trading activity.

One Winnipeg-based trader expected canola to remain “chopping up and down” due to a lack of activity in American commodity markets, because of Thanksgiving.

Canola prices received some direction from soyoil on the Chicago board of trade, which was up by a quarter of a cent at midday.

The Canadian dollar has remained steady this week at around 75.1 U.S. cents, further supporting canola values.

About 5,600 canola contracts traded as of 10:45 CST.

Prices in Canadian dollars per metric tonne at 10:45 CST:
Price Change
Canola Jan 457.90 dn 0.70
Mar 467.00 dn 0.70
May 475.40 dn 0.40
Jul 481.60 up 0.20
END

Futures Prices as of November 29, 2019

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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