By Glen Hallick, MarketsFarm
WINNIPEG, Oct. 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Tuesday morning, as the Canadian dollar remained above 76 United States cents.
The loonie was firm at 76.17 U.S. cents, compared to Friday’s close of 76.13.
There was support from Chicago soyoil, European rapeseed and Malaysian palm oil.
The weather across on the Prairies is forecast to turn cooler with temperatures ranging from the mid-single digits to the low teens Celsius.
Alberta reported on Friday that the overall provincewide harvest reached 90 per cent complete as of Oct. 6. The combining of canola hit 85 per cent finished.
About 8,100 canola contracts had traded as of 8:36 CDT.
Prices in Canadian dollars per metric tonne at 8:36 CDT:
Price Change
Canola Nov 521.20 dn 6.10
Jan 527.60 dn 6.60
Mar 533.90 dn 6.40
May 538.70 dn 4.90
