Canola prices steady at midday

By Marlo Glass, MarketsFarm

WINNIPEG, Feb. 20 (MarketsFarm) – The ICE Futures canola market was steady at midday Thursday, trading on either side of unchanged amid choppy trade activity.

One Winnipeg-based trader said market participants don’t know if China will “start buying next week, next month, or next year.” That uncertainty has side-lined some participants and subsequently driven down prices.

“It’s just too hard to gauge what will happen right now,” he said.

The Canadian dollar has been steady at around 75.44 U.S. cents, which failed to hold any influence over canola values.

About 10,500 canola contracts traded as of 10:35 CST.

Prices in Canadian dollars per metric tonne at 10:35 CST:
Price Change
Canola Mar 459.30 unch
May 468.20 up 0.30
Jul 474.50 dn 0.10
Nov 483.00 dn 0.40
END

Futures Prices as of February 20, 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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