By Marlo Glass, MarketsFarm
WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Tuesday morning, gleaning spillover support from comparable vegetable oils.
Chicago soybean contracts were stronger in overnight trade, with nearby soyoil contracts up by about a fifth of a cent in early morning trade.
Continued strength in the Canadian dollar was a limiting factor for canola, as the loonie remained over 77 United States cents in early morning activity.
About 2,000 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Canola Jan 576.40 up 3.70
Mar 574.30 up 3.60
May 571.40 up 3.20
Jul 567.50 up 3.00
Futures Prices as of December 1, 2020
Prices are in Canadian dollars per metric ton