By Phil Franz-Warkentin, MarketsFarm
WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Wednesday morning in thin and choppy activity. The nearby May contract was holding onto small gains, while the new crop months edged lower.
Chicago Board of Trade soybeans were posting small losses, while soyoil futures were firmer. The Canadian dollar was holding near unchanged in early activity.
Ongoing concerns over demand from China kept some caution in the canola market, according to participants.
However, canola is looking attractively priced for end users, keeping some end-user bargain hunting in the market.
About 1,600 canola contracts had traded as of 8:58 CDT.
Prices in Canadian dollars per metric ton at 8:58 CDT:
Price Change
Canola Mar 464.60 up 0.10
May 472.20 dn 0.20
Jul 484.40 dn 0.40
Nov 490.20 dn 0.20
