ICE canola weaker Friday

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 20 (MarketsFarm) – The ICE Futures canola market was weaker on Friday morning, following pricing trends set earlier in the week.
Canola prices followed trends set by Malaysian palm oi and soybeans on the Chicago Board of Trade, both of which were lower this morning.
Low-level trade negotiations will continue today in Washington between the United States and China.
A relatively weaker Canadian dollar has provided support to canola values. The dollar was around 75.26 U.S. cents on Friday morning.
About 2,500 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 450.30 dn 0.60
Jan 458.60 dn 0.80
Mar 467.10 dn 1.20
May 475.20 dn 1.00

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