By Marlo Glass, MarketsFarm
WINNIPEG, June 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Tuesday, amid light trading volumes.
Gains in the Chicago soy complex were supportive of canola values, while strength in the Canadian dollar limited the upside. The loonie was higher by about a third of a cent during early morning activity.
There is talk of another US$1 trillion infrastructure stimulus package in the United States, contributing to a generally positive tone in outside markets.
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 Jul 473.80 up 2.50
Nov 475.10 up 1.40
Jan 481.00 up 1.40
Mar 486.70 up 1.20
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