ICE canola futures: prices stronger on Friday morning

By Marlo Glass, MarketsFarm
WINNIPEG, May 8 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Friday morning due to strength in comparable vegetable oils.
Gains in the Chicago soy complex were supportive for canola. The soy complex was stronger following strong export demand.
Relative strength in the Canadian dollar tempered further gains for canola values. The Canadian dollar was close to 72 U.S. cents on Friday morning.
About 7,000 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
                          Price      Change
Canola      Jul 468.60 up 1.60
Nov 475.10 up 1.10
Jan 480.80 up 0.90
Mar 486.50 up 0.40
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