ICE canola stronger Wednesday

By Marlo Glass, MarketsFarm
WINNIPEG, July 24 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday morning, following positive price trends from Tuesday.
A move above the 20-day moving average in the November contract encouraged some speculative short covering, which added to the firmer tone.
Spillover support from higher prices in the soy complex, Malaysian palm oil, and European rapeseed also assisted canola values.
The Canadian dollar remained steady at around 76 U.S. cents as of Wednesday morning, which capped further gains for values.
About 4,000 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Price Change
Canola Nov 450.30 up 2.80
Jan 457.40 up 2.80
Mar 464.30 up 2.80
May 471.30 up 4.10

Futures Prices as of July 24, 2019

Canola
Price Change
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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