ICE Canola Ticks Lower to Start the Week

By Dave Sims, Commodity News Service Canada

WINNIPEG, December 18 – Canola contracts on the ICE Futures Canada platform were lower in technical trading on Monday.

The front-month January contract slipped below chart support shortly after markets opened.

Weakness in United States soybeans and Malaysian palm oil futures dragged on values.

The technical bias is pointed lower.

However, gains in U.S. soyoil limited the losses.

Dry conditions in Argentina continued to offer mild support to the market.

Prices in Canadian dollars per metric ton at 8:57 CST:

Futures Prices as of December 18, 2017

Canola
2017-12-18 09:04
Price Change
Jan 493.8 -1.20
Mar 501.7 -1.00
May 509.6 -1.10
Jul 513.4 -1.00
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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