By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 21 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday, appearing to recover slightly from losses incurred during the prior trading session.
The Canadian dollar was slightly weaker at midday, which was supportive of canola prices. The dollar was around 75.7 United States cents at midday due to comparable strength in the greenback.
Chicago soyoil was weaker at midday, keeping a lid on further gains for canola. Nearby contracts were down by about a tenth of a cent at midday.
Approximately 12,000 canola contracts were traded as of 10:35 CDT.
Prices in Canadian dollars per metric tonne at 10:35 CDT:
Price Change
Canola Nov 483.30 up 0.30
Jan 491.50 up 0.80
Mar 497.20 up 0.70
May 502.80 up 0.10
