By Marlo Glass, MarketsFarm
WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended higher on Tuesday, recovering after last week’s losses.
Canola’s considerable weakness was due to market concerns of protestors and rail blockades disrupting shipping activity. The canola market has since recovered some of those losses.
Relative weakness for soyoil on the Chicago Board of Trade kept a lid on canola prices.
On Tuesday, 55,330 contracts were traded, which compares with Friday when 39,222 contracts changed hands. Spreading accounted for 34,970 contracts traded.
Settlement prices are in Canadian dollars per metric tonne.
Price Change
Canola Mar 462.30 up 2.80
May 471.00 up 2.30
Jul 477.70 up 2.70
Nov 486.50 up 3.60
Spread trade prices are Canadian dollars and the volume represents the number of spreads:
Months Prices Volume
Mar/May 8.50 under to 9.30 under 9,955
Mar/Jul 15.00 under to 15.50 under 1,020
May/Jul 14.20 under to 15.80 under 4,237
May/Nov 14.20 under to 15.80 under 143
Jul/Nov 7.50 under to 9.30 under 1,612
Nov/Jan 6.30 under to 6.80 under 475
Jan/Mar 5.50 under to 5.70 under 42
Mar/May 2.70 under 1
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