ICE canola lower Tuesday

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 3 (MarketsFarm) – The ICE Futures canola market was slightly lower on Tuesday, remaining largely in a consolidation pattern.
Canola values followed price trends set by soybeans on the Chicago Board of Trade, as well as Malaysian palm oil and European rapeseed, which all trended downward.
Additionally, harvest pressure is keeping pressure on prices for the time being.
The Canadian dollar dipped below 75 cents compared to the U.S. dollar, which provided some support for canola values.
About 1,200 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 447.30 dn 0.70
Jan 455.30 dn 0.80
Mar 462.20 dn 1.00
May 468.80 dn 0.70

---

Newsletter Sign Up - Stories about strategic business thinking and farming success

You'll receive profiles, case studies and strategy from modern farming in Canada, delivered to your inbox 6 days a week!

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Comments

This field is for validation purposes and should be left unchanged.