ICE Canola Rises with Vegetable Oil, US Soy

By Dave Sims, Commodity News Service Canada

WINNIPEG, July 14 (CNS) – Canola contracts on the ICE Futures Canada platform were stronger Friday morning, tracking gains in the US soy complex.

Advances in Malaysian palm oil and European rapeseed futures were also supportive for the market.

Tightness in commercial canola stocks underpinned prices.

There are ideas the losses suffered earlier this week were overdone.

However, the Canadian dollar was higher compared to its US counterpart, which made canola somewhat less enticing to domestic crushers and foreign buyers.

Concerns over heat stress on Canada’s canola crop have eased in recent days.

Milling wheat, barley and durum were untraded.

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

Commodity Future Prices

Canola
updated 2017-07-14 09:06
Price Change
Nov507.65.10
Jan511.55.10
Mar515.35.30
May5155.20
Milling Wheat
updated 2017-07-14 00:00
Price Change
Oct290.00-15.00
Dec299.00-14.00
Mar305.00-12.00
May306.00-10.00
Durum
updated 2017-07-14 00:00
Price Change
Oct279.005.00
Dec281.006.00
Mar283.006.00
May283.006.00
New Barley
updated 2017-07-14 00:00
Price Change
Oct140.000.00
Dec140.000.00
Mar140.000.00
May140.000.00

Prices are in Canadian dollars per metric ton

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