ICE canola weaker Friday morning

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, April 13 (CNS Canada) – ICE Futures Canada canola contracts were posting small losses Friday morning, as bearish technical signals had speculators on the sell side heading into the weekend.

Early losses in Chicago Board of Trade soybeans and a firm tone in the Canadian dollar put further pressure on canola, according to participants.

However, persistent winter weather across Western Canada and the resulting expectations for seeding delays provided some underlying support. Soyoil futures in Chicago were also posting small gains.

About 4,300 canola contracts had traded as of 8:57 CDT.

Commodity Future Prices

Canola
updated 2018-04-13 08:58
Price Change
May523.6-1.30
Jul526.4-1.60
Nov515.2-0.80
Jan519.6-0.70

Prices are in Canadian dollars per metric ton

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