ICE canola starts the year stronger

By Marlo Glass, MarketsFarm
WINNIPEG, Jan. 2 (MarketsFarm) – The ICE Futures canola market was slightly higher on Thursday morning, as commodity markets re-opened in the New Year.
A weaker tone for soyoil on the Chicago Board of Trade limited gains for canola values. The United States Department of Agriculture (USDA) will release the Fats and Oils report for November later today, which will detail the month’s crush estimates.
The Canadian dollar was firm on Thursday, further pressuring prices. The dollar was around 76.96 U.S. cents on Thursday morning.
About 2,000 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Price Change
Canola Mar 479.50 up 1.40
May 488.80 up 1.30
Jul 494.60 up 0.80
Nov 497.90 up 0.60

---

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

Comments

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