ICE canola steady, awaiting USDA report

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Oct. 12 (CNS Canada) – ICE Futures Canada canola contracts were bouncing around within a narrow range Thursday morning, lacking any clear direction as traders await the release of the US Department of Agriculture’s monthly supply/demand report at 11:00 CDT.

Traders are generally expecting to see a slight increase in US soybean yields in the report, with any surprises in the data likely to set the tone for the remainder of the day.

Persistent concerns over harvest delays in parts of Alberta and Saskatchewan remained supportive for canola, according to participants.

The Canadian dollar was slightly weaker in early activity, but held above the 80 US cent mark.

About 3,500 canola contracts had traded as of 8:53 CDT.

Milling wheat, durum, and barley futures were all untraded.

Futures Prices as of October 12, 2017

Canola
2017-10-12 08:56
Price Change
Nov 492.9 -0.60
Jan 499.1 -0.40
Mar 504.3 -0.10
May 506.5 -0.40
Milling Wheat
2017-10-12 00:00
Price Change
Oct 231.00 -1.00
Dec 234.00 0.00
Mar 239.00 -1.00
May 245.00 0.00
Durum
2017-10-12 00:00
Price Change
Oct 280.00 3.00
Dec 281.00 0.00
Mar 286.00 0.00
May 288.00 0.00
New Barley
2017-10-12 00:00
Price Change
Oct 145.00 0.00
Dec 148.00 0.00
Mar 151.00 0.00
May 151.00 0.00

Prices are in Canadian dollars per metric ton

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