ICE canola posting small losses at midday

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Feb. 14 (CNS Canada) – ICE Futures Canada canola contracts were posting small losses at midday Wednesday, as the market continued to see some consolidation after recent gains.

Softness in Chicago Board of Trade soyoil futures and a firmer tone in the Canadian dollar contributed to the declines in canola, according to participants.

Large old crop supplies and a lack of significant end user demand were also bearish.

However, ongoing uncertainty over South American soybean production remained somewhat supportive, with CBOT soybeans posting small gains at midday.

About 9,500 canola contracts had traded as of 10:48 CST.

Commodity Future Prices

Canola
updated 2018-02-14 10:50
Price Change
Mar503.3-0.60
May508-1.00
Jul512.3-0.60
Nov507.2-0.40

Prices are in Canadian dollars per metric ton

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