By Marlo Glass, MarketsFarm
WINNIPEG, Nov. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed in early morning trade, amid choppy trading activity.
Losses in comparable vegetable oils kept pressure on canola values. Nearby Chicago soyoil contracts were down by about a tenth of a cent, taking back some of the considerable gains made earlier in the week.
Weakness in the Canadian dollar prevented further losses for canola, as the loonie was around 76.3 U.S. cents in early morning activity.
About 6,500 canola contracts had traded as of 8:40 CST.
Prices in Canadian dollars per metric ton at 8:40 CST:
                          Price      Change
Canola      Jan 571.60 up 2.40
Mar 570.40 up 0.50
May 569.10 dn 0.10
Jul 565.80 dn 0.40
END