By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Tuesday morning.
Canola was stronger despite a lack of direction from Chicago soyoil, which was only up by a few hundredths of a cent in early morning trade.
Continued strength to the Canadian dollar kept a lid on canola. The loonie was around 75.8 United States cents this morning, as the U.S. dollar index remained at 93 points.
About 6,500 canola contracts had traded as of 8:50 CDT.
Prices in Canadian dollars per metric ton at 8:50 CDT:
Price Change
Canola Nov 491.20 up 1.80
Jan 499.00 up 1.40
Mar 505.30 up 1.80
May 510.40 up 1.20
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