WINNIPEG – The ICE Futures canola market was narrowly mixed Thursday morning, seeing some consolidation after Wednesday’s losses in thin and choppy activity.
Chicago Board of Trade soybeans were slightly weaker in early activity, while soyoil held steady.
The Canadian dollar was slightly weaker in early activity, providing some underlying support.
Ongoing concerns over the COVID-19 coronavirus outbreak and uncertainty over pipeline protests disrupting rail traffic across Canada remained bearish factors in the background.
About 3,700 canola contracts had traded as of 8:37 CST.
Prices in Canadian dollars per metric ton at 8:37 CST:
Canola Mar 459.40 up 0.10
May 467.90 unchanged
Jul 474.50 dn 0.10
Nov 483.00 dn 0.40