By Marlo Glass, MarketsFarm
WINNIPEG, June 26 – ICE Futures canola contracts were mostly stronger at midday Friday, bouncing back slightly from losses incurred earlier in the week.
Weakness in the Canadian dollar supported canola prices. The dollar was under 73 United States cents at midday, which is around a 10-day low.
Losses in Chicago’s soy complex prevented further gains for canola. Nearby soyoil contracts were lower by a tenth of a cent on Friday morning.
Approximately 4,500 canola contracts were traded as of 10:35 CDT.
Prices in Canadian dollars per metric tonne at 10:35 CDT:
Canola Jul 472.60 up 0.50
Nov 468.70 up 0.60
Jan 475.80 up 0.50
May 480.10 dn 0.50