ICE canola steady Friday

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Published: September 6, 2019

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 6 (MarketsFarm) – The ICE Futures canola market was largely unchanged on Friday, staying locked in a consolidation pattern from earlier in the week.
Statistics Canada released its Canadian Grain Stocks report as of July 31. Canola stocks were on the higher end of expectations at 3.873 million tonnes. Canola values were dragged down slightly by this report, but not significantly.
Canola values followed price trends set by soybeans on the Chicago Board of Trade, which were also fairly steady.
Continued harvest activity has kept a lid on values.
The Canadian dollar increased to around 75.81 cents compared to the U.S. dollar, which further pressured prices.
About 2,400 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 445.00 dn 0.30
Jan 452.80 dn 0.40
Mar 459.70 dn 0.30
May 466.10 dn 0.10

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