ICE Canola Ticks Higher with Soybeans in Light Trade

By Dave Sims, Commodity News Service Canada

WINNIPEG, November 22 (CNS) – Canola contracts on the ICE Futures Canada platform were slightly higher at 10:35 CST on Wednesday, following gains in U.S. soybeans.

Advances in Malaysian palm oil and European rapeseed futures added to the upside.

Dryness continues to be a problem in several South American soybean-growing areas, which was supportive for canola.

Canola continues to be locked in a range between C$514 to C$520 per tonne.

However, gains in the Canadian dollar made canola less attractive on the international market.

Traders are unlikely to push the market too far one way or the other ahead of the U.S. Thanksgiving holiday.

About 5,200 canola contracts had traded as of 10:35 CST.

Prices in Canadian dollars per metric ton at 10:35 CST:

Futures Prices as of November 22, 2017

Canola
2017-11-22 10:38
Price Change
Jan 516.4 1.30
Mar 524.4 1.30
May 528.8 1.30
Jul 532.3 2.20
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

explore

Stories from our other publications