By Marlo Glass, MarketsFarm
WINNIPEG, Nov. 18 (MarketsFarm) – The ICE Futures canola market was slightly higher on Monday morning, amid light trading activity. Prices have remained locked in a consolidation pattern due to a lack of aggressive selling.
Canola values were supported by a firm tone from soybeans on the Chicago Board of Trade. The soybean harvest is nearly complete in the United States.
A slightly stronger Canadian dollar kept a lid on prices. The dollar remained around 75.58 U.S. cents on Monday morning.
About 1,400 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Jan 462.50 up 0.60
Mar 467.50 up 0.50
May 475.90 up 0.40
Jul 458.10 up 1.30
