ICE Canola Trading Mixed

By Terryn Shiells, Commodity News Service Canada
November 23, 2012
WINNIPEG – Canola contracts on the ICE  Futures Canada platform were trading at mixed price levels at 10:38  CST Friday, with the nearby contracts experiencing most of the  downward price action.
The liquidation of positions ahead of the weekend generated  some of the downward price action seen in the nearby canola  contracts, according to market watchers.
Generally good conditions for the development of the soybean  crop in South America and ideas that canola is overpriced compared  to other oilseeds also put downward pressure on values.
Bearish chart signals, as canola nears a strong resistance  level of C$580 a tonne also added to the price softness, traders  said.
Deferred contracts found spillover support from the advances  seen in CBOT soybeans, which was linked to good US export sales,  analysts said.
The pricing of old export business by Japanese buyers and slow  farmer selling also underpinned some canola values.
As of 10:38 CST, about 7,900 canola contracts had traded.
Durum saw some light activity, with 12 contracts traded at  unchanged price levels.
Milling wheat and barley were untraded and unchanged.
Prices in Canadian dollars per metric ton at 10:38  CST:
Price Change
Jan      576.80 dn  1.60                  Mar     575.00   dn  1.20                  May     575.40   up  0.20 Milling Wheat Dec     297.30     unch                  Mar     305.30     unch Durum Dec     312.00     unch                  Mar     317.00     unch

Commodity futures

Futures Prices as of April 17, 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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