By Phil Franz-Warkentin, MarketsFarm
WINNIPEG, April 2 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Thursday morning, lacking any clear direction in thin and choppy activity.
The Chicago Board of Trade soy complex was also mixed, with a softer tone in soybeans and small gains in soyoil.
Uncertainty in the outside equity markets amid the ongoing COVID-19 pandemic kept some caution in the agricultural markets as well, according to participants.
The Canadian dollar was softer in early activity, which provided some underlying support.
About 4,500 canola contracts had traded as of 8:58 CDT.
Prices in Canadian dollars per metric ton at 8:58 CDT:
Price Change
Canola May 464.80 dn 0.30
Jul 472.80 dn 0.80
Nov 481.10 dn 0.50
Jan 487.30 dn 0.30
