WINNIPEG, June 24 (MarketsFarm) – ICE Futures canola contracts were mixed at midday Wednesday, with support in front months attributed to positioning ahead of July’s contract expiry.
Weakness in Chicago’s soy complex pressured canola values. Nearby soyoil contracts were lower by about four tenths of a cent at midday.
Slight losses in the Canadian dollar supported canola prices. The dollar was around 73.5 United States cents at midday.
Approximately 10,000 canola contracts were traded as of 10:50 CDT.
Prices in Canadian dollars per metric tonne at 10:50 CDT:
Price Change
Canola Jul 475.20 up 1.90
Nov 473.90 dn 0.50
Jan 479.80 dn 0.50
May 484.70 dn 1.00
