ICE canola futures: canola lower Tuesday morning

By Marlo Glass, MarketsFarm
WINNIPEG, April 14 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower on Tuesday morning, continuing the pricing trend set during yesterday’s trade.
Prolonged losses in Chicago soy contributed to the lower tone for canola. The nearby soyoil contract was down by nearly two tenths of a cent in early trade.
Comparable weakness in the Canadian dollar provided some support to canola values. The Canadian dollar was around 71.2 U.S. cents on Tuesday morning.
About 2,000 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
                          Price      Change
Canola      May 459.20 dn 0.60
Jul 465.20 dn 0.50
Nov 471.70 unch
Jan 477.40 unch
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