ICE Canola Contracts Follow CBOT Soybeans Down

The Canadian dollar was trading at stronger values, which was also sending canola lower.

Market watchers said the rolling of commodity fund positions from the nearby November future to the January contract was a key factor of the activity.

Some of the activity in canola also consisted of position evening ahead of the weekend and Monday’s crop production survey from Statistics Canada.

With more and more harvest activity going on, producers were seen increasing their deliveries of canola into the cash pipeline, brokers said.

Some minor support was seen with crusher purchasing – although scaled down – and steady export movement taking place, analysts said.

At 10:40 CDT, there had been about 10,500 canola contracts traded on the ICE Canada platform, with about 7,000 of those linked to spreading.

Western barley futures were untraded to midsession.

Prices in Canadian dollars per metric ton at 10:40 CDT: