By Glen Hallick, MarketsFarm
WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Thursday morning, due to weakness in Chicago soyoil, which was down by approximately a third of a cent.
European rapeseed was steady to lower, and there were gains in Malaysian palm oil.
The Canadian dollar was lower at 75.62 U.S. cents, compared to Wednesday’s close of 75.92.
Temperatures across the southern and central Prairies today are forecast to be in the high 20s to low 30s. Those in the northern Prairies are expected to reach the mid-20s.
There has yet to be any reportable amounts of canola that has been harvested in Manitoba. Saskatchewan issues its weekly crop report this afternoon.
About 2,500 canola contracts had traded as of 8:37 CDT.
Prices in Canadian dollars per metric tonne at 8:37 CDT:
Price Change
Canola Nov 485.20 dn 2.60
Jan 492.50 dn 2.50
Mar 497.80 dn 2.50
May 502.40 dn 2.10
