By Phil Franz-Warkentin, MarketsFarm
WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Tuesday morning, as activity resumed following the Canadian Thanksgiving weekend.
Soybean futures at the Chicago Board of Trade were higher on Monday, when the canola market was closed, but were posting small losses on Tuesday. Soyoil was slightly firmer Tuesday morning.
Ongoing weather concerns across Western Canada remained supportive, as cool and wet conditions continue to cause harvest delays. However, forecasts across much of the Prairies look warmer and drier over the next week.
About 8,000 canola contracts had traded as of 8:49 CDT.
Prices in Canadian dollars per metric ton at 8:49 CDT:
Price Change
Canola Nov 460.60 up 0.70
Jan 468.90 up 0.20
Mar 477.30 dn 0.10
May 484.30 dn 0.30
