By Marlo Glass, MarketsFarm
WINNIPEG, July 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Friday.
Strength tone in comparable vegetable oils gave a boost to canola prices. The Chicago soy complex was higher due to continued purchasing interest from China.
Slight losses in the Canadian dollar also supported canola prices. The loonie was at 73.6 U.S. cents during early morning trade.
About 3,500 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 481.90 up 2.50
Jan 489.00 up 2.50
Mar 494.70 up 2.70
May 498.50 up 2.60
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