By Marlo Glass, MarketsFarm
WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were narrowly mixed in early morning trading.
Losses in comparable vegetable oils kept pressure on canola prices. The Chicago soy complex was lower following expectations of improved weather in key growing regions.
Weakness in outside markets, including crude oil, also contributed to the negative tone for canola.
Relative weakness in the Canadian dollar provided some support for canola values. The loonie was at 73.8 U.S. cents during early morning trade.
About 3,000 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 479.20 dn 0.40
Jan 486.80 up 0.50
Mar 492.40 up 0.90
May 496.00 up 1.20
END
- News
- Volatile market expected this year March 5, 2021
- Farmers Edge share offering oversubscribed March 5, 2021
- Home energy plan details coming soon March 5, 2021
- Transport Canada’s rail safety oversight draws fire March 5, 2021
- Opinions
- One group escaped the echo chamber on Agriculture Day March 4, 2021
- Mental health has economic roots March 4, 2021
- Canada must find an answer to the China problem March 4, 2021
- Investigating the perplexing butter mystery March 4, 2021
- Tax department claws back portion of COVID-19 benefits March 4, 2021
- Markets
- Volatile market expected this year March 5, 2021
- Farmers Edge share offering oversubscribed March 5, 2021
- Transport Canada’s rail safety oversight draws fire March 5, 2021
- ASF may boost China’s corn imports March 4, 2021
- Machinery
- Autonomous tractor captures imagination March 4, 2021
- Grabbing the big stuff safely and securely March 4, 2021
- Oxygen dissipates slurry smell February 25, 2021
- Small and mighty, these electrics spark imagination February 18, 2021
- Livestock
- Union blasts safety measures, foreign worker system March 5, 2021
- Red Deer hog plant starts reopening today March 4, 2021
- Cattle herd size continues to shrink March 4, 2021
- CFA members want interprovincial meat trade expanded March 4, 2021
- Crops
- Transport Canada’s rail safety oversight draws fire March 5, 2021
- New carbon market will not credit past farming practices March 5, 2021
- Hiking canola yields starts with plant density March 4, 2021
- Autonomous tractor captures imagination March 4, 2021
- Farm Living
- Home energy plan details coming soon March 5, 2021
- TV series explores Sask. cuisine March 4, 2021
- Alta. store provides a home for local crafters March 4, 2021
- Column’s 25th anniversary remembered with recipes March 4, 2021
- Video
- Classifieds