ICE canola slightly lower

By Marlo Glass, MarketsFarm
WINNIPEG, July 18 (MarketsFarm) – The ICE Futures canola market was slightly lower on Thursday morning, in higher-than-average trade volumes.
The market was lower after a stronger day on Wednesday. Uncertain North American weather forecasts have kept a weather premium in the market. Traders are thought to be staying with a consolidation pattern until they have a better idea about crop yields.
The Canadian dollar was steady against its United States counterpart Wednesday morning, also weighing on values.
Losses in soybeans on the Chicago Board of Trade and a stall in trade negotiation between the U.S. and China also kept a lid on prices.
About 2,500 canola contracts had traded as of 8:45 CDT.
Prices in Canadian dollars per metric ton at 8:45 CDT:
Price Change
Canola Nov 443.80 dn 0.30
Jan 451.30 dn 0.30
Mar 458.70 dn 0.30
May 464.50 dn 0.30

---

Newsletter Sign Up - Get access to essential information on Canada’s cattle industry daily.

One email delivered 6 days a week for ranchers, feedlots, packers and livestock sales operators.

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Phone

This field is for validation purposes and should be left unchanged.