ICE Canola Firms with Reasonable Demand

By Dave Sims, Commodity News Service Canada

WINNIPEG, October 6 – Canola contracts on the ICE Futures Canada platform were slightly higher Friday morning, taking strength from exporter and crusher demand.

Recent weakness in the Canadian dollar has made canola more attractive on the international market.

The technical bias is pointing higher.

Gains in Malaysian palm oil and European rapeseed futures helped prop up values.

However, weakness in the US soy complex was bearish for the market.

Weather conditions across Western Canada have improved significantly and harvesting has started up again.

Milling wheat, barley and durum were untraded.

Prices in Canadian dollars per metric ton at 8:55 CDT:

Futures Prices as of October 6, 2017

Canola
2017-10-06 09:02
Price Change
Nov 495.6 0.40
Jan 501.4 0.70
Mar 506.1 1.10
May 508.5 1.00
Milling Wheat
2017-10-06 00:00
Price Change
Oct 228.00p 1.00
Dec 230.00 1.00
Mar 236.00p 2.00
May 241.00p 2.00
Durum
1970-01-01 00:00
Price Change
Oct 279.00p 0.00
Dec 281.00p 0.00
Mar 286.00p 0.00
New Barley
2017-10-06 00:00
Price Change
Oct 145.00p 0.00
Dec 148.00p 0.00
Mar 151.00p 0.00
May 151.00p 0.00

Prices are in Canadian dollars per metric ton

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