ICE Canada Morning Comment: Canola continues to pull back

Good weather brings lower prices

By Glen Hallick, MarketsFarm

WINNIPEG, June 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday morning, due to the Prairie weather.

Above normal temperatures are expected across much of the region today with cooler weather to follow in the coming days. As the week progresses, any rain for the Prairies will be most likely confined to the northern tier.

While the Chicago soy complex was lower, there were gains in European rapeseed and Malaysian palm oil.

The Canadian dollar was weaker this morning, with the loonie at 82.11 compared to Monday’s close of 82.36.

About 2,800 canola contracts had traded as of 8:39 CDT.

Prices in Canadian dollars per metric tonne at 8:39 CDT:

Price Change
Canola Jul 842.30 dn 11.40
Nov 723.00 dn 4.60
Jan 722.60 dn 6.20
Mar 719.90 dn 6.20

Futures Prices as of June 15, 2021

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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