By Glen Hallick, MarketsFarm
WINNIPEG, July 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, getting support from gains in the Chicago soy complex and European rapeseed.
Rain has been falling on the southern parts of Saskatchewan and Manitoba, with another system bringing precipitation to Alberta over the next couple of days. Prairie temperatures are forecast to be in the low to mid 20 degrees Celsius.
The Canadian dollar was slightly lower this morning, with the loonie at 78.28 U.S. cents compared to Monday’s close of 78.38.
About 6,150 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric tonne at 8:35 CDT:
Price Change
Canola Nov 908.00 up 9.90
Jan 890.00 up 10.30
Mar 872.60 up 11.90
May 851.10 up 11.80
