By Marlo Glass, MarketsFarm
WINNIPEG, July 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Wednesday morning.
Slight strength in Chicago soyoil was supportive of canola prices. Nearby Chicago soyoil contracts were stronger by about one fifth of a cent in early morning trade.
Strength in the Canadian dollar kept a lid on further gains. The loonie was at 74.8 U.S. cents during early morning trade.
About 2,000 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 488.30 up 0.70
Jan 495.10 up 0.60
Mar 499.80 up 0.60
May 502.40 up 0.40
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