ICE canola continues higher Thursday morning

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Sept. 14 (CNS Canada) – ICE Futures Canada canola contracts were stronger Thursday morning, seeing some follow-through buying interest after yesterday’s recovery off of nearby lows.

Cooler and wetter conditions across most of Western Canada are expected to cause harvest delays in some areas, which added to the firmer tone in canola.

Early weakness in the Canadian dollar, which was trading back below 82 US cents, and strength in the Chicago Board of Trade soy complex were also supportive.

However, seasonal harvest pressure remained a bearish influence in the background, despite the nearby delays, as farmers continue to make steady deliveries into the commercial pipeline.

About 7,000 canola contracts had traded as of 8:56 CDT.

Milling wheat, durum, and barley futures were all untraded.

Futures Prices as of September 14, 2017

Canola
2017-09-14 08:57
Price Change
Nov 490.5 3.40
Jan 497.6 3.80
Mar 503.4 3.10
May 507.5 3.40
Milling Wheat
2017-09-14 00:00
Price Change
Oct 232.00 2.00
Dec 235.00 2.00
Mar 240.00 -1.00
May 244.00 -2.00
Durum
2017-09-14 00:00
Price Change
Oct 281.00 0.00
Dec 285.00 0.00
Mar 289.00 0.00
May 292.00 0.00
New Barley
2017-09-14 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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