ICE Canola Firms with Soy, Trader Positioning

By Dave Sims, Commodity News Service Canada

WINNIPEG, March 13 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, tracking gains in the U.S. soy complex.

Recent weakness in the Canadian currency lent support to the market.

There are ideas much of the trade is starting to shift its attention from the South American crop to the North American one.

Speculative positioning was a feature of the morning activity.

However, large world supplies weighed on values along with farmer selling.

Rain has fallen in Argentina which provided some relief for the drought-stressed crop.

Prices in Canadian dollars per metric ton at 9:00 CST:

Commodity Future Prices

Canola
updated 2018-03-13 09:08
Price Change
May516.64.20
Jul522.44.50
Nov513.46.30
Jan517.36.40

Prices are in Canadian dollars per metric ton

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