By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stepping back on Tuesday morning, following yesterday’s strong gains.
Losses in Chicago soyoil and MATIF rapeseed pressured canola while support came from gains in Chicago soybeans and soymeal, as well as Malaysian palm oil.
Ample canola supplies, lacklustre exports and the absence of China from most buying continued to have a negative impact on the market.
Reduced trading volumes ahead of Christmas added a greater probability of wider swings.
Read Also
ICE Midday: Canola turns back
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were pulling back in the middle of Tuesday trading after seeing…
The Canadian dollar was higher on Tuesday morning, with the loonie at 72.91 U.S. cents, compared to Monday’s close of 72.74.
Approximately 13,850 contracts had traded by 8:57 CST and prices in Canadian dollars per metric tonne were:
Price Change
Canola Jan 595.40 dn 6.20
Mar 606.20 dn 6.30
May 617.60 dn 6.10
Jul 626.40 dn 6.20
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
