ICE Canola Midday: Prices lower midday Monday

By Marlo Glass, MarketsFarm

WINNIPEG, Sept. 21 (MarketsFarm) – ICE Futures canola contracts were lower at midday Friday, buckling under pressure from outside markets.

Global stock indices have fallen following reports of COVID-19 cases continue to swell in the United States and United Kingdom. One Winnipeg-based trader believed outside markets were keeping a damper on canola prices.

Chicago soyoil was weaker by about an eighth of a cent at midday, which also kept pressure on canola prices.

The Canadian dollar was slightly weaker at midday, preventing further losses for canola. The dollar was around 75.14 U.S. cents, due to comparable strength in the U.S. dollar index.

Approximately 14,000 canola contracts were traded as of 10:35 CDT.

Prices in Canadian dollars per metric tonne at 10:35 CDT:

                          Price      Change
Canola            Nov     525.10    dn  6.10
                  Jan     532.80    dn  5.80
                  Mar     539.30    dn  5.70
                  May     542.30    dn  4.50

Futures Prices as of September 21, 2020

Canola
Price Change
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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