By Marlo Glass, MarketsFarm
WINNIPEG, Nov. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed in early morning trade, amid choppy trading activity.
Losses in comparable vegetable oils kept pressure on canola values. Nearby Chicago soyoil contracts were down by about a tenth of a cent, taking back some of the considerable gains made earlier in the week.
Weakness in the Canadian dollar prevented further losses for canola, as the loonie was around 76.3 U.S. cents in early morning activity.
About 6,500 canola contracts had traded as of 8:40 CST.
Prices in Canadian dollars per metric ton at 8:40 CST:
Canola Jan 571.60 up 2.40
Mar 570.40 up 0.50
May 569.10 dn 0.10
Jul 565.80 dn 0.40
Futures Prices as of November 19, 2020
Prices are in Canadian dollars per metric ton