ICE canola futures: canola lower on Thursday morning

By Marlo Glass, MarketsFarm

WINNIPEG, March 26 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Thursday morning, taking direction from comparable vegetable oils.

Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade all started the day on the defensive. Even though the Canadian and United States governments are passing aid packages, concerns of COVID-19’s impact on the global economy still linger.

Comparable strength in the Canadian dollar also weighed on canola values. The Canadian dollar was over 71 U.S. cents on Thursday morning.

About 4,500 canola contracts had traded as of 8:40 CDT.

Prices in Canadian dollars per metric ton at 8:40 CDT:

                          Price      Change
Canola      May 462.60 dn 3.00
Jul 471.60 dn 3.10
Nov 479.90 dn 3.00
Jan 485.40 dn 4.00
END

Futures Prices as of March 26, 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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