ICE canola futures: Prices stronger Thursday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Dec. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday morning, as markets prepare for the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA).
Gains in Chicago soyoil was supportive of canola prices. Nearby contracts were up by about three quarters of a cent.
Strength in the Canadian dollar kept a lid on further gains for canola, as the loonie was around 78.3 United States cents in early morning activity.
About 15,000 canola contracts had traded as of 8:40 CST.
Prices in Canadian dollars per metric ton at 8:40 CST:
                          Price      Change
Canola      Jan 592.70 up 4.10
Mar 588.30 up 4.30
May 583.80 up 3.40
Jul 576.70 up 3.80
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