By Marlo Glass, MarketsFarm
WINNIPEG, Feb. 14 (MarketsFarm) – The ICE Futures canola market was steady to mostly lower on Friday.
Strength in soyoil on the Chicago Board of Trade was supportive of canola values.
Canadian National Railway (CN Rail) has shut down large sections of railway networks across the country due to blockades in solidarity with Indigenous supporters. CN Rail has said the shutdowns may result in temporary layoffs.
The Canadian dollar was relatively stronger this morning, which kept a lid on values. The dollar was around 75.5 U.S. cents on Thursday morning.
Markets will be closed on Monday for holidays in both the United States and Canada.
About 6,500 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Canola Mar 463.50 dn 0.30
May 472.10 dn 0.50
Jul 478.50 dn 0.20
Nov 486.40 up 0.40
Futures Prices as of February 14, 2020
Prices are in Canadian dollars per metric ton