ICE canola stronger on Friday

By Marlo Glass, MarketsFarm
WINNIPEG, Dec. 27 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, as prices remained locked in a consolidation pattern following the holiday break.
A stronger tone for soybeans on the Chicago Board of Trade was supportive of canola values. Market participants are monitoring growing conditions in South America for signs of drought in key growing regions of Argentina and Brazil.
The Canadian dollar was stronger on Friday, putting some pressure on canola prices. The dollar was around 76.42 U.S. cents on Friday morning
About 4,200 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Price Change
Canola Jan 470.30 up 1.30
Mar 479.90 up 1.80
May 489.00 up 1.60
Jul 495.00 up 1.10

---

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

Name

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