By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were sligthly lower on Thursday morning, after posting considerable losses yesterday.
Nearby soyoil contracts were weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by about half of a cent.
Losses in the Canadian dollar provided some support for canola, as it dropped below 75 United States cents.
About 5,500 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Canola Nov 528.90 dn 4.40
Jan 534.40 dn 1.30
Mar 539.20 dn 1.30
May 538.40 dn 0.90
Futures Prices as of October 29, 2020
Prices are in Canadian dollars per metric ton