By Marlo Glass, MarketsFarm
WINNIPEG, July 3 – ICE Futures canola contracts were lower at midday Friday, pressured by low trading activity as many market participants took the day off for Independence Day.
Relative strength in the Canadian dollar also kept a lid on canola. The dollar was around 73.6 United States cents at midday.
Approximately 1,500 canola contracts were traded as of 10:35 CDT.
Prices in Canadian dollars per metric tonne at 10:35 CDT:
Canola Nov 475.10 dn 1.30
Jan 481.20 dn 1.40
Mar 486.30 dn 1.00
May 490.80 up 2.90