ICE canola stronger Friday

By Marlo Glass, MarketsFarm
WINNIPEG, July 26 (MarketsFarm) – The ICE Futures canola market was slightly stronger on Friday morning, following positive price trends set on Thursday.
Improved weather forecasts across the Prairies have boosted crop conditions recently, which weighed on values.
Soybeans on the Chicago Board of Trade were also up slightly due to dry areas in the U.S. Midwest.
The Canadian dollar remained steady at around 76 U.S. cents as of Friday morning, keeping a lid on further gains.
About 1,900 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Price Change
Canola Nov 450.90 up 2.00
Jan 458.10 up 1.90
Mar 465.90 up 2.00
May 470.90 up 2.00

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