ICE canola down Friday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was lower on Friday, continuing yesterday’s pricing trends.
A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. The large Brazilian soybean crop has weighed on the soy complex.
The Canadian dollar was slightly stronger this morning, which kept a lid on canola values. The dollar was around 76.1 U.S. cents on Friday morning.
About 10,500 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Price Change
Canola Mar 469.10 dn 4.00
May 478.40 dn 3.80
Jul 484.80 dn 2.90
Nov 490.20 dn 1.40

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