ICE canola higher Tuesday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 8 (MarketsFarm) – The ICE Futures canola market was narrowly mixed on Tuesday morning, in choppy trade activity.
Values were boosted by inclement weather moving across the Prairies. Snow and freezing temperatures are expected to move throughout the Canadian Prairies for the rest of the week.
Soybeans and soy oil on the Chicago Board of Trade have stayed lower, tempering further gains for canola.
The Canadian dollar was hovering around 75.12 U.S. cents on Tuesday morning, which made canola exports comparatively more attractive.
About 5,800 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 462.90 up 0.40
Jan 471.60 up 0.50
Mar 480.20 up 0.10
May 487.20 dn 0.10

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