ICE canola mixed in thin trade

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Nov. 8 (CNS Canada) – ICE Futures Canada canola contracts were holding within a dollar of unchanged Wednesday morning, lacking any clear direction as traders keep to the sidelines ahead of Thursday’s monthly U.S. Department of Agriculture report.

The report will give a clearer picture on the size of the U.S. soybean crop, which could dictate the nearby direction in the North American oilseed markets.

Soybean and soyoil futures at the Chicago Board of Trade were posting small gains Wednesday morning, providing some underlying support for canola.

However, the Canadian dollar was firmer in early activity, which weighed on values.

About 3,500 canola contracts had traded as of 8:50 CST.

Futures Prices as of November 8, 2017

Canola
2017-11-07 17:00
Price Change
Nov 517.60p 0.00
Jan 519.5 -0.60
Mar 526.1 -1.00
May 532.1 0.50
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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