By Glen Hallick, MarketsFarm
WINNIPEG, Nov. 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Friday morning as higher edible oil values were countered by a strong Canadian dollar.
There were gains of varying degrees in Chicago soyoil, European rapeseed and Malaysian palm oil.
Meanwhile, the Canadian dollar was holding firm at 76.58 U.S. cents, compared to Thursday’s close of 76.62.
The Canadian Grain Commission reported producer deliveries of canola were 480,200 tonnes for the week ending Nov. 1. Canola exports amounted to 364,100 tonnes and domestic usage was 202,600 tonnes.
About 5,700 canola contracts had traded as of 8:47 CST.
Prices in Canadian dollars per metric tonne at 8:47 CST:
Price Change
Canola Jan 550.40 unchanged
Mar 554.10 dn 0.40
May 552.60 dn 0.30
Jul 551.90 up 0.70
