ICE Canola Sinks with Soyoil

By Dave Sims, Commodity News Service Canada

WINNIPEG, December 14 – Canola contracts on the ICE Futures Canada platform were lower on Thursday, dragged down by losses in the vegetable oil market.

Weakness in U.S. soybeans contributed to the downside.

The dominant January contract continues to hang below the psychologically-important C$500 per tonne mark.

Rain is expected to fall on dry regions of Argentina in the coming days, which was bearish.

End-users were out looking for bargains, according to a report.

Prices in Canadian dollars per metric ton at 8:55 CST:

Futures Prices as of December 14, 2017

Canola
2017-12-14 08:58
Price Change
Jan 496.2 -2.50
Mar 504.2 -2.70
May 511.6 -2.60
Jul 515.5 -2.60
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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