By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly lower on Tuesday, amid light trading activity.
Nearby soyoil contracts were slightly weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by a fraction of a cent in early morning trade.
A steady tone in the Canadian dollar prevented further losses for canola, as it remained under 76 United States cents.
About 5,000 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Canola Nov 541.70 dn 1.50
Jan 547.50 dn 0.40
Mar 550.90 dn 0.20
May 546.50 dn 1.20