ICE Canola Rises with Currency Issues

By Dave Sims, Commodity News Service Canada

WINNIPEG, October 5 – Canola contracts on the ICE Futures Canada platform were slightly higher Thursday morning, due to action in the Canadian currency.

The Canadian dollar was lower, relative to its US counterpart, which made canola more enticing to international buyers.

Gains in US soybeans, Malaysian palm oil and European rapeseed futures were supportive for canola.

Demand from crushers and exporters was supportive.

However, weather conditions across the Prairies have improved and harvest is slowly resuming.

Rain in Brazil has helped replenish soil moisture in major soybean growing areas, which was bearish.

Milling wheat, barley and durum were untraded.

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

Futures Prices as of October 5, 2017

Canola
2017-10-05 09:07
Price Change
Nov 494.6 1.20
Jan 500.9 1.20
Mar 505.6 0.40
May 508.2 0.40
Milling Wheat
2017-10-05 00:00
Price Change
Oct 227.00p 0.00
Dec 229.00p 0.00
Mar 234.00p -1.00
May 239.00p -1.00
Durum
2017-10-05 00:00
Price Change
Oct 279.00p -1.00
Dec 281.00p 0.00
Mar 286.00p 1.00
May 288.00p 1.00
New Barley
2017-10-05 00:00
Price Change
Oct 145.00p 0.00
Dec 148.00p 0.00
Mar 151.00p 0.00
May 151.00p 0.00

Prices are in Canadian dollars per metric ton

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