ICE canola futures: canola weaker Thursday

By Marlo Glass, MarketsFarm
WINNIPEG, April 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Thursday morning, taking back some gains incurred yesterday.
Relative strength to the Canadian dollar kept pressure on canola values. The Canadian dollar was around 71 U.S. cents on Thursday morning.
Losses in Chicago soyoil contributed to the weaker tone in canola. Nearby contracts were down by about a tenth of a cent.
About 3,500 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
                          Price      Change
Canola      May 458.00 dn 1.40
Jul 465.70 dn 1.00
Nov 473.00 dn 0.70
Jan 478.80 dn 0.40
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