ICE Canola Lower, Following Soybeans

By Terryn Shiells, Commodity News Service Canada
December 10, 2012
WINNIPEG – Canola contracts on the ICE  Futures Canada platform were trading at lower price levels at 8:37  CST Monday, following the losses seen in the CBOT soybean complex.
Much of the price softness in the CBOT soybean complex was  linked to position evening ahead of Tuesday’s USDA stocks report,  traders said.
Talk that weather conditions for the development of South  American soybean crops are improving also undermined both canola  and soybean values.
Losses seen in European rapeseed futures during overnight  trade and bearish chart signals also put downward pressure on  canola values.

The upswing in the value of the Canadian dollar also fuelled  some of the losses, as it made canola less attractive to foreign  buyers.
However, continued concerns about the tight Canadian canola  supply situation helped to slow the declines, market watchers  said.
Activity was on the lighter side on Monday morning, with about  675 canola contracts traded as of 8:37 CST.
Milling wheat, barley and durum were untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:37  CST:

Price Change
Jan      594.00 dn  4.60                  Mar     590.60   dn  4.50                  May     589.00   dn  4.30 Milling Wheat Dec     289.20     unch                  Mar     301.70     unch Durum Dec     312.00     unch                  Mar     316.00     unch  Barley Dec     245.00     unch                  Mar     248.00     unch

Commodity futures

Futures Prices as of April 23, 2014

Canola Price Change
Milling Wheat Price Change
Durum Price Change
New Barley Price Change

Prices are in Canadian dollars per metric ton


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