ICE canola strengthens early Wednesday

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Feb. 6 (CNS Canada) – ICE Futures canola contracts were stronger Wednesday morning, seeing a modest correction after Tuesday’s declines.
Early weakness in the Canadian dollar accounted for some of the buying interest in canola as the currency dipped below 76 U.S. cents and helped crush margins improve.
Chicago Board of Trade soyoil futures were also firm in early activity.
However, the large stocks reported by Statistics Canada on Tuesday remained a bearish influence in the background. Losses in the CBOT soybeans also weighed on values.
About 3,500 canola contracts had traded as of 8:53 CST.

Prices in Canadian dollars per metric ton at 8:53 CST:

Price Change
Canola Mar 484.70 up 2.10
May 492.30 up 1.80
Jul 499.10 up 1.50
Nov 497.00 up 2.10

Futures Prices as of February 6, 2019

Canola
2019-02-01 13:19
Price Change
Mar 482.40 0.70
May 490.40 0.80
Jul 497.70 0.80
Nov 495.50 1.40
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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