By Glen Hallick, MarketsFarm
WINNIPEG, Jan. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola turned lower Friday morning after making gains in the overnight trading.
This was despite strong support from other comparable edible oils including Chicago soyoil, which was up by more than four-tenths cent per pound.
The Canadian dollar was higher at 78.36 compared to Thursday’s close of 78.06.
The Canadian Grain Commission reported 409,500 tonnes of canola was delivered by producers during the week ended Jan. 24. Canola exports totaled 115,500 tonnes and domestic usage amounted to 198,000 tonnes.
About 3,100 canola contracts had traded as of 8:41 CST.
Prices in Canadian dollars per metric tonne at 8:41 CST:
Price Change
Canola Mar 694.90 dn 4.20
May 668.00 dn 2.70
Jul 643.00 dn 2.10
Nov 555.00 dn 3.10
