ICE canola midday: Canola futures quiet at midday

By Glen Hallick, Commodity News Service Canada

WINNIPEG, Jan. 30 (CNS Canada) – The canola market is trading both sides of unchanged with nothing major moving it, according to a Winnipeg-based trader.

He said the Canadian dollar, which is slightly higher Wednesday morning, “is keeping canola pretty subdued and locked in place for the moment.”

If there was some news coming out of the United States/China trade talks, which started Wednesday, or some hard data on export sales that might create some movement. Until then canola will remain a “bit jittery” of any surprises, according to the trader.

Even with soybeans moving a little each way it hasn’t affected canola in any major way, he said.

Until the U.S. Department of Agriculture (USDA) releases its mass of data that piled up during the 35-day partial government shutdown, the trader said canola appears “to be content to remain where it is.” The USDA announced these reports will be released on Feb. 8.

About 13,300 canola contracts were traded as of 10:25 CST.

Futures Prices as of January 30, 2019

Canola
2019-01-30 10:35
Price Change
Mar 484.7 0.20
May 492.4 -0.40
Jul 500.1 -0.30
Nov 497.9 0.20
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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