By Marlo Glass, MarketsFarm
WINNIPEG, Jan. 9 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday on Wednesday, boosted by stronger values for soyoil on the Chicago Board of Trade and a comparably weaker Canadian currency.
The Chicago soy complex showed gains ahead of the World Agriculture Supply Demand Estimates (WASDE) from United States Department of Agriculture (USDA).
The Canadian dollar was weaker at 76.3 U.S. cents, down by over half of a cent on the week. That provided some support to canola values.
About 8,500 canola contracts traded as of 10:40 CST.
Prices in Canadian dollars per metric tonne at 10:40 CST:
Price Change
Canola Mar 483.40 up 2.70
May 492.10 up 2.90
Jul 497.00 up 2.70
Nov 497.60 up 1.60
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