ICE canola chopping around unchanged

By Dave Sims, Commodity News Service Canada

WINNIPEG, Sept. 5 (CNS) – Contracts on the ICE Futures canola platform were barely higher in technical trading Wednesday.

Recent weakness in the value of the Canadian dollar lent support to prices.

Yields look extremely mixed at this point, with heat damage reported in the southern Prairies, while things appear better in the north.

Advances in European rapeseed futures and Malaysian palm oil were also supportive.

The Chicago Board of Trade soy complex was weaker, which dragged on values.

Expectations of a massive soybean crop in the United States also cast a chill over futures.

Prices in Canadian dollars per metric ton at 9:05 CDT:

Futures Prices as of September 5, 2018

Canola
2018-09-05 09:13
Price Change
Nov 496.9 0.10
Jan 504.7 0.70
Mar 509.4 1.00
May 510.6 -0.90
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

explore

Stories from our other publications