By Marlo Glass, MarketsFarm
WINNIPEG, Dec. 15 (MarketsFarm) – ICE Futures canola contracts were lower on Wednesday, due to light trading activity.
One Winnipeg-based trader said participants have started to slip into holiday mode, and activity in markets is subdued.
Chicago soyoil was weaker at midday, after hitting contract highs in earlier activity. The nearby January contract was down by about a third of a cent at midday.
Gains in the Canadian dollar were another depressive factor for canola prices. The dollar was around 78.5 U.S. cents at midday.
Approximately 16,000 canola contracts were traded as of 10:35 CST.
Prices in Canadian dollars per metric tonne at 10:35 CST:
Price Change
Canola Jan 600.50 dn 1.20
Mar 593.20 dn 0.20
May 586.00 dn 1.00
Jul 575.80 dn 1.70
