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ICE Canola Midday: Prices lower at midday

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Published: June 25, 2020

By Marlo Glass, MarketsFarm

WINNIPEG, June 25 – ICE Futures canola contracts were weaker at midday Thursday, pressured by forecasts that indicate positive growing conditions across the Canadian Prairies.

Weakness in Chicago’s soy complex also dragged down canola values. Nearby soyoil contracts were lower by about half of a penny yesterday, and continue a downward trend at midday.

Slight weakness in the Canadian dollar prevented further losses for canola. The dollar was around 73.2 United States cents at midday.

Approximately 11,000 canola contracts were traded as of 10:45 CDT.

Prices in Canadian dollars per metric tonne at 10:45 CDT:
                          Price      Change
Canola            Jul     472.60    dn  2.20
                  Nov     469.40    dn  2.10
                  Jan     475.40    dn  2.10
                  May     480.60    dn  1.70

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