ICE Midday: Canola posting losses at midday

WINNIPEG – The ICE Futures canola market was sharply weaker in both old and new crop contracts at midday Monday in support of losses in the Chicago Board of Trade soy complex.

Soybean contracts were losing at least 33 cents per bushel as forecast rains in soybean-growing regions of the United States and recent rains in wheat and canola-growing areas in the Prairies have brought pressure onto the markets, according to a Winnipeg-based trader.

However, heat warnings are in effect in Alberta and Saskatchewan but will soon make way for milder temperatures as warmer weather shifts east to Manitoba.

The Canadian dollar was slightly firmer at midday.

Nearly 9,000 contracts were traded as of 10:38 a.m. CDT.

Price Change
Canola Jul 853.00 dn 18.00
Nov 721.50 dn 22.80
Jan 721.80 dn 23.00
Mar 721.50 dn 19.90

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

GFM Network News's recent articles

Futures Prices as of June 14, 2021

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

Prices are in Canadian dollars per metric ton



Stories from our other publications