ICE Canola Chopping Around in Technical Trade

By Dave Sims, Commodity News Service Canada

WINNIPEG, October 3 – Canola contracts on the ICE Futures Canada platform were mixed Tuesday morning, chopping around in directionless trade.

Gains in Malaysian palm oil were supportive for the front-month contract.

Wet and cold weather across the Prairies underpinned the market.

The Canadian continues to dwell below the 80 US cent mark, which makes canola more attractive to domestic crushes and foreign buyers.

However, losses in the US soy complex were bearish for futures.

Canola has become somewhat expensive relative to other oilseeds.

Milling wheat, barley and durum were untraded.

Prices in Canadian dollars per metric ton at 8:50 CDT:

Futures Prices as of October 3, 2017

Canola
2017-10-03 08:55
Price Change
Nov 491.5 0.00
Jan 497.9 -0.30
Mar 503.7 0.40
May 505.70p -0.20
Milling Wheat
2017-10-03 00:00
Price Change
Oct 223.00 -5.00
Dec 225.00 -6.00
Mar 231.00 -6.00
May 237.00 -5.00
Durum
2017-10-03 00:00
Price Change
Oct 279.00 -1.00
Dec 281.00 -3.00
Mar 285.00 -2.00
May 287.00 -2.00
New Barley
2017-10-03 00:00
Price Change
Oct 145.00 0.00
Dec 148.00 0.00
Mar 151.00 0.00
May 151.00 0.00

Prices are in Canadian dollars per metric ton

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