Glacier FarmMedia COVID-19 & the Farm

ICE canola futures: Prices lower Tuesday morning

By Marlo Glass, MarketsFarm

WINNIPEG, Sept. 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Tuesday morning, walking back some of the considerable gains made earlier in the week.

A strong loonie contributed to some of the losses seen in canola. The dollar edged over 76 United States cents in early morning trade due to comparable weakness in the U.S. dollar index.

Strength in comparable vegetable oils tempered losses for canola. Nearby soyoil contracts were up by about two tenths of a cent, and Malaysian palm oil and European rapeseed were higher as well.

About 5,000 canola contracts had traded as of 8:40 CDT.

Prices in Canadian dollars per metric ton at 8:40 CDT:

                          Price      Change
Canola      Nov 520.50 dn 2.80
Jan 527.50 dn 2.80
Mar 533.20 dn 3.10
May 534.80 dn 2.00

END

Commodity Future Prices

Canola
Price Change

Prices are in Canadian dollars per metric ton

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2020 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.