ICE canola steady, awaiting USDA report

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Oct. 12 (CNS Canada) – ICE Futures Canada canola contracts were bouncing around within a narrow range Thursday morning, lacking any clear direction as traders await the release of the US Department of Agriculture’s monthly supply/demand report at 11:00 CDT.

Traders are generally expecting to see a slight increase in US soybean yields in the report, with any surprises in the data likely to set the tone for the remainder of the day.

Persistent concerns over harvest delays in parts of Alberta and Saskatchewan remained supportive for canola, according to participants.

The Canadian dollar was slightly weaker in early activity, but held above the 80 US cent mark.

About 3,500 canola contracts had traded as of 8:53 CDT.

Milling wheat, durum, and barley futures were all untraded.

Commodity Future Prices

Canola
updated 2017-10-12 08:56
Price Change
Nov492.9-0.60
Jan499.1-0.40
Mar504.3-0.10
May506.5-0.40

Prices are in Canadian dollars per metric ton

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2017 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.