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ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm

WINNIPEG, June 4 – ICE Futures canola contracts were higher at midday Thursday, continuing gains from prior trading sessions.

Slight weakness in the Canadian dollar was supportive of canola values, as the loonie dropped below 74 United States cents for the first time in two days.

Canola also got a boost from the Chicago soy complex, which was also higher on Thursday due to strong export demand.

Approximately 7,000 canola contracts were traded as of 10:45 CDT.

Prices in Canadian dollars per metric tonne at 10:45 CDT:

                          Price      Change
Canola            Jul     464.90    up  4.00
                  Nov     471.70    up  3.30
                  Jan     478.40    up  3.60
                  May     484.30    up  4.00

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Futures Prices as of June 4, 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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