ICE Canola Midday: Prices mixed midday Wednesday

By Marlo Glass, MarketsFarm

WINNIPEG, Nov. 25 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, amid light trade activity and positioning ahead of the United States Thanksgiving holiday.

Chicago soyoil contracts were stronger in early trade, which gave canola prices a boost. Nearby contracts were up by about half a cent in early activity.

Prolonged strength in the Canadian dollar was a limiting factor for canola’s gains. The dollar was near 77 United States cents at midday.

Approximately 7,000 canola contracts were traded as of 10:40 CST.

Prices in Canadian dollars per metric tonne at 10:40 CST:
                          Price      Change
Canola            Jan     577.60    up  1.10
                  Mar     574.40    up  1.10
                  May     572.20    dn  0.60
                  Jul     564.90    up  0.80

Futures Prices as of November 25, 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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