ICE canola futures: Prices lower Friday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Friday morning, correcting lower after hitting substantial highs in yesterday’s trade.
Nearby soyoil contracts were down by about a tenth of a cent in early morning trade, contributing to the lower tone for canola.
The Canadian dollar dropped below 76 United States cents, preventing further canola losses.
About 8,000 canola contracts had traded as of 8:45 CDT.
Prices in Canadian dollars per metric ton at 8:45 CDT:
                          Price      Change
Canola      Nov 529.20 dn 2.70
Jan 536.60 dn 2.30
Mar 543.00 dn 1.80
May 545.00 dn 0.60
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