ICE Canola Firms with CBOT Soyoil

By Dave Sims, Commodity News Service Canada

WINNIPEG, March 20 – Canola contracts on the ICE Futures Canada platform were higher at 10:45 CDT on Monday, taking strength from gains in Chicago Board of Trade soyoil.

Losses in the Canadian dollar added to the upside, as it made canola more enticing to out-of-country buyers.

Slight gains in CBOT soybeans were supportive for the market.

“Funds are thought to be short in the market for canola,” said a trader in Winnipeg.

Slow farmer-selling underpinned prices.

However, losses in Malaysian palm oil futures were bearish for prices.

Large soybean supplies coming out of South America weighed on the market.

About 7,500 canola contracts had traded as of 10:45 CDT.

Milling wheat, barley and durum were all untraded.

Prices in Canadian dollars per metric ton at 10:45 CDT:

Futures Prices as of March 20, 2017

Canola
2017-03-20 10:48
Price Change
May 505.6 1.90
Jul 510.8 2.00
Nov 492.2 2.40
Jan 498.3 2.90
Milling Wheat
2017-03-20 00:00
Price Change
May 235.00 -2.00
Jul 236.00 -2.00
Oct 230.00 0.00
Dec 233.00 0.00
Durum
2017-03-20 00:00
Price Change
May 282.00 0.00
Jul 281.00 0.00
Oct 268.00 0.00
Dec 268.00 0.00
New Barley
2017-03-20 00:00
Price Change
May 137.00 0.00
Jul 138.00 0.00
Oct 138.00 0.00
Dec 138.00 0.00

Prices are in Canadian dollars per metric ton

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