ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm

WINNIPEG, July 2 – ICE Futures canola contracts were higher at midday Thursday, amid light trading activity.

Canadian markets were closed yesterday for the Canada Day holiday, and United States markets will close at noon today.

Gains in Chicago’s soy complex were supportive of canola prices. Nearby soyoil contracts were up by about a tenth of a cent at midday.

Relative weakness in the Canadian dollar also provided support for canola. The dollar was around 73.4 United States cents at midday.

Approximately 8,500 canola contracts were traded as of 10:30 CDT.

Prices in Canadian dollars per metric tonne at 10:30 CDT:

                          Price      Change
Canola            Nov     479.70    up  3.50
                  Jan     485.60    up  3.30
                  Mar     490.30    up  3.20
                  May     494.80    up  2.90

Futures Prices as of July 2, 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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