By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 2 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were on either side of unchanged Wednesday morning.
The loonie was around 76.4 United States cents this morning, keeping pressure on canola values.
Other vegetable oils were lower to start the day, which was another bearish influence on canola values. Nearby soyoil contracts were up by a fraction of a cent in early morning trade.
About 5,000 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Price Change
Canola Nov 501.90 up 0.90
Jan 509.10 up 0.10
Mar 514.70 dn 0.50
May 519.60 dn 1.50
END
ICE canola futures: Prices mixed Wednesday morning
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