ICE canola steady Wednesday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 2 (MarketsFarm) – The ICE Futures canola market was steady to slightly higher on Wednesday morning, finding support from cold, wet weather conditions in parts of the Prairies.
Though the weather is expected to warm up towards the end of the week, harvest conditions are still unfavourable.
According to Manitoba’s most recent crop report, canola across the harvest is just under 70 per cent harvested. That’s below the three-year average of 84 per cent.
A relatively weaker Canadian dollar has provided support to canola values. The dollar was around 75.47 U.S. cents on Wednesday morning.
About 3,600 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 452.70 up 0.70
Jan 461.60 up 0.40
Mar 470.10 up 0.40
May 477.10 up 0.70

---

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

Email

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