ICE canola narrowly mixed in choppy trade

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Nov. 21 (CNS Canada) – ICE Futures Canada canola contracts were chopping around both sides of unchanged Tuesday morning, although the bias turned higher in many months as gains in Chicago Board of Trade soyoil provided support.

Solid end user demand from both exporters and domestic crushers, together with a lack of significant farmer hedge pressure contributed to the early gains, according to participants.

However, relatively favourable crop conditions for soybeans in South America put some pressure on values, with CBOT soybean futures posting small losses in early activity.

U.S. markets will be closed Thursday for Thanksgiving, and positioning ahead of the holiday could lead to some price swings in the futures as traders square positions and volumes drop off over the next few days.

About 4,000 canola contracts had traded as of 9:03 CST.

Futures Prices as of November 21, 2017

Canola
2017-11-21 09:09
Price Change
Jan 516.1 0.10
Mar 524.5 0.40
May 529.4 1.30
Jul 532.4 1.60
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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