ICE canola futures: Prices slightly stronger Wednesday morning

By Marlo Glass, MarketsFarm

WINNIPEG, July 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger in early morning trading.

Gains in comparable vegetable oils were supportive of canola prices. The Chicago soy complex was stronger following reports of slight decreases to crop conditions and dry weather in some regions.

Relative strength in the Canadian dollar limited further gains for canola. The loonie was at 73.7 U.S. cents during early morning trade.

About 2,000 canola contracts had traded as of 8:30 CDT.

Prices in Canadian dollars per metric ton at 8:30 CDT:

                          Price      Change
Canola      Nov 480.10 up 0.90
Jan 487.20 up 0.50
Mar 492.40 up 0.40
May 497.40 up 1.70
END

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Futures Prices as of July 15, 2020

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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