By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 11 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Tuesday morning.
Declines in Chicago soyoil were a negative factor for canola prices. Nearby Chicago soyoil contracts were weaker by about two tenths of a cent in early morning trade.
Continued strength to the Canadian dollar also kept pressure on canola. The loonie was over 75 U.S. cents during early morning trade.
About 2,500 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Canola Nov 486.40 dn 2.10
Jan 492.60 dn 1.80
Mar 496.50 dn 1.70
May 499.00 dn 2.00
Futures Prices as of August 11, 2020
Prices are in Canadian dollars per metric ton