North American Grain & Oilseed Review

By Marlo Glass, MarketsFarm
WINNIPEG, Nov. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, amid light trading activity due to the Thanksgiving holiday.
One trader expected canola to remain range-bound, with the January contract holding between C$455 and C$467 dollars until the New Year.
The Canadian dollar has remained steady this week, at around 75.28 U.S. cents, providing some direction for canola values.
The Chicago Board of Trade is closed for Thanksgiving today, which meant canola lacked direction from the soy complex. However, a stronger tone for Malaysian palm oil offered some support for prices.
On Thursday, 2,795 contracts were traded, which compares with Wednesday when 14,133 contracts changed hands. Spreading accounted for 1,780 contracts traded.
Settlement prices are in Canadian dollars per metric tonne.
Price Change
Canola Jan 457.90 dn 0.60
Mar 467.00 dn 0.80
May 475.20 dn 0.90
Jul 481.80 dn 1.00
Spread trade prices are Canadian dollars and the volume represents the number of spreads:
Months Prices Volume
Jan/Mar 9.20 under to 9.40 under 705
Jan/Nov 24.00 under to 25.00 under 4
Mar/May 8.30 under to 8.70 under 82
May/Jul 6.10 under to 6.40 under 82
July/Nov 0.90 under to 1.60 under 14
END