ICE canola dips with soyoil

By Dave Sims, Commodity News Service Canada

WINNIPEG, September 7 (CNS) – Contracts on the ICE Futures canola platform were lower Friday morning, weighed down by losses in Chicago Board of Trade soyoil.

The technical bias appears pointed lower.

Harvest pressure and ideas the soybean crop in the United States could be record large, pressured the market.

However, cold temperatures in parts of the Prairies are raising concerns over possible frost damage.

Recent weakness in the value of the Canadian dollar underpinned prices.

Prices in Canadian dollars per metric ton at 9:00 CDT:

Futures Prices as of September 7, 2018

Canola
2018-09-07 09:10
Price Change
Nov 496.1 -2.20
Jan 502 -2.80
Mar 507.1 -2.70
May 510.7 -2.60
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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