ICE canola steady in thin morning trade

By Phil Franz-Warkentin, MarketsFarm

WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market holding steady Tuesday morning, lacking any clear direction. The futures were seeing some consolidation after their recent declines.
Early strength in the Chicago Board of Trade soy complex provided some spillover support for canola. Overnight gains in European rapeseed futures and a steady tone in the Canadian dollar, after its recent strength, also underpinned canola.
Mounting harvest pressure did keep a lid on the upside, although cool and wet conditions were causing delays in some areas.
Statistics Canada and the United States Department of Agriculture are both set to release updated production estimates on Thursday.
About 2,000 canola contracts had traded as of 8:31 CDT.

Prices in Canadian dollars per metric ton at 8:31 CDT:

Price Change
Canola Nov 439.80 unchanged
Jan 447.60 dn 0.10
Mar 455.70 up 0.80
May 462.10 up 0.70

Commodity Future Prices

Canola
Price Change

Prices are in Canadian dollars per metric ton

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2019 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.