By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 1 (MarketsFarm) – ICE Futures canola contracts were slightly higher at midday Tuesday.
Comparable vegetable oils were stronger, which gave canola a boost. Nearby contracts for Chicago soyoil were up by about a third of a cent at midday.
The Canadian dollar remained higher at midday, which kept a lid on further gains for canola prices. The dollar was around 76.6 United States cents at midday due to comparable losses in the greenback.
Approximately 11,500 canola contracts were traded as of 10:45 CDT.
Prices in Canadian dollars per metric tonne at 10:45 CDT:
Price Change
Canola Nov 499.50 up 1.30
Jan 506.60 up 1.10
Mar 512.10 up 1.30
May 516.50 up 1.70
