By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 19 (MarketsFarm) – ICE Futures canola contracts were weaker on Wednesday, walking back on gains made earlier in the week.
Chicago soyoil was weaker at midday following the weekly export sales from the United States Department of Agriculture (USDA), which showed no soyoil sales were made last week.
The Canadian dollar remained around 76 U.S. cents at midday, due to prolonged weakness in comparable global currencies.
Approximately 9,000 canola contracts were traded as of 10:35 CDT.
Prices in Canadian dollars per metric tonne at 10:35 CDT:
Price Change
Canola Nov 484.40 dn 3.40
Jan 491.80 dn 3.10
Mar 497.40 dn 2.90
May 501.70 dn 2.80
