By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were on either side of unchanged on Monday morning.
Harvest activity has wrapped up ahead of schedule across the Canadian Prairies, with 99 per cent of Alberta’s crops in the bin. The canola crop is 98 per cent harvested province-wide.
Nearby soyoil contracts were stronger in early morning trade, providing a boost to canola prices. The December soyoil contract was up by nearly half of a cent.
Losses in the Canadian dollar prevented further losses for canola, as it dipped under 76 United States cents.
About 6,500 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Canola Nov 526.50 up 0.20
Jan 533.50 dn 0.30
Mar 539.60 up 0.20
May 541.70 unchanged
Futures Prices as of October 26, 2020
Prices are in Canadian dollars per metric ton