ICE Canola Midday: Prices lower midday Tuesday

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Published: September 22, 2020

By Marlo Glass, MarketsFarm

WINNIPEG, Sept. 22 (MarketsFarm) – ICE Futures canola contracts were lower at midday Tuesday, continuing pricing trends from yesterday.

Weakness in comparable vegetable oils spurred losses for canola, as nearby soyoil contracts were down by about a third of a cent in early trade activity.

Harvest activity across the Canadian Prairies also kept pressure on canola prices.

The Canadian dollar was slightly weaker at midday, preventing further losses for canola. The dollar was around 75 U.S. cents, due to comparable strength in the U.S. dollar index.

Approximately 18,000 canola contracts were traded as of 10:40 CDT.

Prices in Canadian dollars per metric tonne at 10:40 CDT:

                          Price      Change
Canola            Nov     520.20    dn  6.30
                  Jan     527.50    dn  6.40
                  Mar     534.00    dn  6.60
                  May     537.60    dn  6.50

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