ICE Canola Continues Higher

By Phil Franz-Warkentin, Commodity News Service Canada
Nov. 15, 2012
Winnipeg – ICE Canada canola futures were higher  Thursday morning, seeing some follow-through buying interest on  Wednesday’s firmer close.
Ideas that the sharp declines earlier this week were overdone  continued to account for some of the strength in canola, according  to participants. Exporter and domestic crusher demand was also a  feature, as supplies are expected to be tight going forward and the  recent losses were seen as a good buying opportunity.
Advances in CBOT soyoil provided some further support. However,  soybeans were down in early activity.
A slightly firmer tone in the Canadian dollar and the relatively  favourable South American crop prospects also tempered the gains in  canola.
About 1,200 canola contracts had traded as of 8:46 CST.
Milling wheat, durum, and barley futures were all untraded and  unchanged Thursday morning.
Prices in Canadian dollars per metric ton at 8:46 CST:Price      Change

Canola            Jan     589.00    up  4.40

Mar     587.30    up  4.40

May     586.70    up  5.40

Milling Wheat     Dec     307.00    unch

Mar     316.50    unch

Durum             Dec     312.40    unch

Mar     319.00    unch

Barley            Dec     250.00    unch

Mar     253.00    unch

Futures Prices as of November 15, 2012

Canola
Price Change
Milling Wheat
2017-11-24 00:19
Price Change
December 307.00
March 316.50
Durum
2017-11-24 00:19
Price Change
December 312.40
March 319.00
New Barley
2017-11-24 00:19
Price Change

Prices are in Canadian dollars per metric ton

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