ICE canola moves above C$490 mark

By Dave Sims, Commodity News Service Canada

WINNIPEG, Sep. 25 (CNS) – Contracts on the ICE Futures canola platform were higher Tuesday morning, following gains in the Chicago Board of Trade soy complex.

Weather delays to the Canadian canola harvest and soybean harvest in the United States underpinned the market.

Advances in Malaysian palm oil and European rapeseed futures were supportive for prices.

The front-month November contract broke above key resistance this morning.

However, recent strength in the Canadian dollar weighed on values.

Prices in Canadian dollars per metric ton at 9:08 CDT:

explore

Stories from our other publications