By Marlo Glass, MarketsFarm
WINNIPEG, Jan. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, gaining ground after ending the day on a mixed tone yesterday.
Gains in the Chicago soy complex provided spillover strength to canola. Nearby soyoil contracts were up by about a penny in early morning activity.
Strength in the Canadian dollar kept a lid on further gains for canola. The dollar was around 78.4 United States cents.
About 8,000 canola contracts had traded as of 8:45 CST.
Prices in Canadian dollars per metric ton at 8:45 CST:
                          Price      Change
Canola      Mar 644.20 up 8.70
May 634.70 up 8.40
Jul 624.30 up 8.50
Nov 547.00 up 4.00
END