By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 4 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly stronger on Friday morning.
Statistics Canada published their stocks of principal field crops report this morning, which showed canola stocks declined by more than a third year-over-year to total 2.7 million tonnes as of July 31.
The loonie also gained strength this morning, at around 76.2 United States cents, which limited the upside for canola.
About 5,000 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Price Change
Canola Nov 506.30 up 2.40
Jan 512.90 up 2.00
Mar 517.00 up 0.80
May 520.50 dn 0.40
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