By Glen Hallick, MarketsFarm
WINNIPEG, Sept. 22 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Tuesday morning, continuing from yesterday’s declines.
Above normal temperatures and little in the way of rain have made for good harvest conditions on the Prairies. Manitoba is scheduled to release its latest weekly crop report this afternoon.
Chicago soyoil was relatively steady, but there were declines in European rapeseed and Malaysian palm oil.
The Canadian dollar was virtually unchanged at 75.20 U.S. cents.
About 11,000 canola contracts had traded as of 8:37 CDT.
Prices in Canadian dollars per metric tonne at 8:37 CDT:
Price Change
Canola Nov 524.70 dn 1.70
Jan 531.80 dn 2.10
Mar 538.60 dn 2.00
May 542.30 dn 1.80
