By Marlo Glass, MarketsFarm
WINNIPEG, June 18 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly stronger on Thursday.
Gains in comparable vegetable oils supported canola prices. The Chicago soy complex got a boost from rumours of continued export demand from China.
Relative weakness in the Canadian dollar also supported canola values. The loonie was at 73.6 U.S. cents during early morning trade.
About 1,500 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Jul 473.20 dn 0.10
Nov 475.70 up 0.80
Jan 482.20 up 1.50
Mar 487.30 up 1.20
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