By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 1(MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were on either side of unchanged Tuesday morning, battling continued strength in the Canadian dollar.
The loonie was around 76.6 United States cents this morning due to comparable weakness in the U.S. dollar.
Other vegetable oils were higher to start the day, which provided some support to canola. Nearby soyoil contracts were up by about a third of a cent in early morning trade.
About 6,500 canola contracts had traded as of 8:45 CDT.
Prices in Canadian dollars per metric ton at 8:45 CDT:
Price Change
Canola Nov 498.20 dn 0.30
Jan 505.80 up 0.20
Mar 511.30 up 0.60
May 516.00 up 1.30
END
