Canola subdued at midday Friday

WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was slightly down at midday Friday, with trading volumes lower than usual.

Forecasted rain across the Prairies weighed on canola prices, though precipitation was spotty in some key growing regions.

“Farmers are happy to see the rain, but some guys haven’t gotten much,” said one Winnipeg-based trader.

“Some areas are getting better coverage, but others are still lacking the moisture.”

The Chicago soybean complex was also down, reacting to an uncertain U.S. weather forecast. Most of the Midwest remained unseasonably wet, capping further losses.

About 10,000 canola contracts traded as of 11:30 CDT.

Prices in Canadian dollars per metric tonne at 11:30 CDT:

Price Change
Canola Jul 459.70 dn 2.20
Nov 475.40 dn 2.90
Jan 481.70 dn 3.00
Mar 488.10 dn 2.40
END

Futures Prices as of June 21, 2019

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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