By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were on either side of unchanged on Thursday morning, amid choppy trading activity.
Slight losses in Chicago soyoil kept pressure on canola prices. Nearby soyoil contracts were down by a fraction of a cent in early morning trade.
Continued strength to the Canadian dollar also kept a lid on canola. The loonie was around 75.6 U.S. cents during early morning trade.
About 3,500 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Canola Nov 485.40 dn 0.10
Jan 491.50 up 0.20
Mar 495.50 up 0.20
May 498.50 dn 1.30