ICE canola futures: canola slightly higher Wednesday morning

By Marlo Glass, MarketsFarm
WINNIPEG, April 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Wednesday morning, bouncing back from losses incurred earlier in the week.
Weakness in the Canadian dollar was supportive of canola values. The Canadian dollar was around 70.88 U.S. cents on Wednesday morning.
Losses in Chicago soybeans and soyoil kept a lid on prices. However, soymeal futures were stronger due to recent data showing strong crush values.
About 4,500 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
                          Price      Change
Canola      May 458.40 up 1.20
Jul 464.80 up 1.20
Nov 472.10 up 1.20
Jan 477.60 up 1.10
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