By Marlo Glass, MarketsFarm
WINNIPEG, July 23 (MarketsFarm) – ICE Futures canola contracts were steady on Thursday.
One Winnipeg-based trader said trading volumes were subdued, indication lower speculative participation. That kept pressure on canola prices.
Chicago soyoil was slightly stronger at midday, which was supportive of values.
Canola crop conditions indicate good yields, as the crop rating is about 74 per cent good to excellent across the Canadian Prairies.
Approximately 7,000 canola contracts were traded as of 10:40 CDT.
Prices in Canadian dollars per metric tonne at 10:40 CDT:
Price Change
Canola Nov 484.00 up 0.40
Jan 490.90 up 0.10
Mar 496.90 up 0.80
May 500.20 up 1.40
