Glacier FarmMedia COVID-19 & the Farm

ICE canola weaker early Thursday

By Phil Franz-Warkentin, MarketsFarm

WINNIPEG, June 10 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as improving moisture conditions across Western Canada weighed on values.
Much needed rain in dry areas of Manitoba and Saskatchewan on Wednesday helped alleviate some of the dryness concerns that had supported the futures recently. However, subsoil moisture levels remain low and more precipitation will be needed through the growing season.
Chicago Board of Trade soybeans and soyoil were stronger in early activity, helping temper the declines in canola.
The United States Department of Agriculture releases its monthly supply/demand report later in the day, with any surprises in the data likely dictating where the markets end up by the close.
About 6,500 canola contracts had traded as of 8:44 CDT.

Prices in Canadian dollars per metric ton at 8:44 CDT:

Price Change
Canola Jul 856.00 dn 8.00
Nov 757.20 dn 6.00
Jan 757.60 dn 4.90
Mar 754.50 dn 4.40

Commodity Future Prices

Canola
Price Change

Prices are in Canadian dollars per metric ton

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2021 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.