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ICE canola weaker Tuesday

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was slightly weaker on Tuesday, correcting downward after several consecutive days of higher prices.
Canola prices followed trends set by soybeans on the Chicago Board of Trade, which were also lower.
The latest soybean crop rating from the United States Department of Agriculture (USDA) was 55 per cent good to average, which is steady from the week prior.
A slightly weaker Canadian dollar support canola values. The dollar was around 75.35 U.S. cents on Tuesday morning, down from 75.4 cents on Monday.
Continued harvest activity has also kept pressure on prices.
About 3,000 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 451.30 dn 1.30
Jan 459.80 dn 1.30
Mar 468.00 dn 1.20
May 473.90 dn 1.10

Commodity Future Prices

Canola
Price Change

Prices are in Canadian dollars per metric ton

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