Glacier FarmMedia COVID-19 & the Farm

ICE canola mixed in choppy trade at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm

WINNIPEG, April 7 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, in volatile two-sided activity.

Futures were bouncing around both sides of unchanged, with adjustments to the intermonth spreads a feature. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola, but weakness in the Canadian dollar provided some support.

Ongoing concerns over tightening old crop supplies also helped prop up the canola market, according to participants. Meanwhile, dry conditions across much of the Prairies were also underpinning the new crop contracts.

About 14,000 canola contracts traded as of 10:40 CDT.

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

Price Change
Canola May 786.80 up 1.70
Jul 731.40 dn 3.70
Nov 626.60 up 1.10
Jan 627.00 up 0.50

Commodity Future Prices

Price Change

Prices are in Canadian dollars per metric ton

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