ICE canola bouncing around in trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 30, 2019 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged in morning trade.
Chicago Board of Trade soybean, oil and meal contracts are all slightly stronger or unchanged.
The technical bias in canola has turned to the downside and selling could build on itself, according to participants.
Weather in South America has improved but not enough to stop crop concerns. There are reports of low yields filtering out of the southern hemisphere.
The Canadian dollar is little changed in value today, and is not having an effect on the canola market.
About 3,100 canola contracts had traded as of 8:45 CST Wednesday morning.

Futures Prices as of January 30, 2019

Canola
2019-01-30 08:47
Price Change
Mar 484.5 0.00
May 492.5 -0.30
Jul 499.9 -0.50
Nov 497.5 -0.20
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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