ICE Canola Mixed To Start Week

By Dave Sims, Commodity News Service Canada

WINNIPEG, October 2 – Canola contracts on the ICE Futures Canada platform were mixed Monday morning, with the near-term values weighed down by losses in the US soy complex, while the more-deferred contracts were propped up by speculative buying.

Rain in South America has helped improve growing conditions for the soybean crop, which was bearish.

Seasonal harvest pressure was at play and canola is becoming more expensive relative to other oilseeds.

However, wet and cold weather across parts of Western Canada helped mitigate the losses.

Friday’s USDA stocks report showed US soybeans at levels that were lower than expected.

Milling wheat, barley and durum were untraded.

Prices in Canadian dollars per metric ton at 9:00 CDT:

Futures Prices as of October 2, 2017

Canola
2017-10-02 09:06
Price Change
Nov 491 -1.40
Jan 497.7 -1.20
Mar 503 -0.60
May 506 0.10
Milling Wheat
2017-10-02 00:00
Price Change
Oct 228.00p -8.00
Dec 231.00 -7.00
Mar 237.00p -7.00
May 242.00p -6.00
Durum
2017-10-02 00:00
Price Change
Oct 280.00p 0.00
Dec 284.00 0.00
Mar p 0.00
May 289.00p 0.00
New Barley
2017-10-02 00:00
Price Change
Oct 145.00p 0.00
Dec 148.00 0.00
Mar 151.00p 0.00
May 151.00 0.00

Prices are in Canadian dollars per metric ton

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