ICE canola futures: Prices higher Thursday morning

By Marlo Glass, MarketsFarm

WINNIPEG, July 30 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Thursday morning, due to follow-through buying from yesterday’s rally.

Slight strength in Chicago soyoil also were supportive of canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning trade.

Relative weakness in the Canadian dollar supported gains for canola. The loonie was at 74.5 U.S. cents during early morning trade.

Generally good crop conditions across the Canadian Prairies weighed on canola values.

About 2,500 canola contracts had traded as of 8:35 CDT.

Prices in Canadian dollars per metric ton at 8:35 CDT:

                          Price      Change
Canola      Nov 492.90 up 1.80
Jan 498.90 up 1.10
Mar 501.40 unchanged
May 502.40 up 0.30

END

Futures Prices as of July 30, 2020

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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