By Marlo Glass, MarketsFarm
WINNIPEG, May 15 – ICE Futures canola contracts were on either side of unchanged at midday Friday, amid light trading activity.
Minor strength in the Chicago soy complex after considerable losses earlier in the week. Nearby soyoil contracts were up by about a sixth of a cent at midday.
Relative weakness in the Canadian dollar also provided some support to canola values. The dollar was just over 71 cents at midday.
Canadian markets will be closed on Monday, May 18.
Approximately 5,000 canola contracts were traded as of 10:40 CDT.
Prices in Canadian dollars per metric tonne at 10:40 CDT:
Price Change
Canola Jul 470.50 dn 0.20
Nov 477.50 dn 0.10
Jan 483.50 up 0.30
May 490.60 up 1.90
