| By Phil Franz-Warkentin, Commodity News Service Canada |
| Sept. 20, 2012 |
| Winnipeg – Canola contracts on the ICE Futures Canada platform were weaker at 10:52 CDT Thursday, in thin trade as declines in the CBOT soy complex weighed on values. “We’re watching the US markets fade a little bit,” said a Winnipeg based broker accounting for the spillover losses in canola. The weakness in soybeans was tied to softening economic sentiment out of China and the advancing US harvest. Speculative selling and a lack of significant commercial demand were also behind the weaker tone in canola. While concerns over tightening canola supplies in western Canada were somewhat supportive, the broker said end users were showing an unwillingness to bid up the market on Thursday. At the same time, farmers were reluctant sellers as they were said to be holding out for higher prices. The weaker Canadian dollar was supportive for canola prices, helping limit the declines, according to participants. At 10:52 CDT, only about 3,300 canola contracts had changed hands. There was a little more activity in the options market, where the advancing Canadian harvest had commercials cleaning up some of their positions. Milling wheat, durum, and barley futures were all untraded and unchanged. Prices in Canadian dollars per metric ton at 10:52 CDT:Price Change Canola Nov 630.60 dn 4.00 Jan 634.20 dn 4.00 Mar 636.00 dn 2.30 Milling Wheat Oct 294.00 unch Dec 299.80 unch Durum Oct 310.10 unch Dec 314.60 unch Barley Oct 250.30 unch Dec 255.30 unch |
Commodity futures
Futures Prices as of May 24, 2013
| Canola | Price | Change |
|---|---|---|
| November | 630.60 | 4.00 |
| January | 634.20 | 4.00 |
| March | 636.00 | 2.30 |
| Milling Wheat | Price | Change |
|---|---|---|
| October | 294.00 | |
| December | 299.80 |
| Durum | Price | Change |
|---|---|---|
| October | 310.10 | |
| December | 314.60 |
| New Barley | Price | Change |
|---|---|---|
| October | 250.30 | |
| December | 255.30 |
Prices are in Canadian dollars per metric ton
