ICE Canola Down Early Friday Morning

By Phil Franz-Warkentin, Commodity News Service Canada

WINNIPEG, Dec. 2 (CNS Canada) – ICE Canada canola contracts were mostly lower Friday morning, as losses in CBOT soyoil and a firmer Canadian dollar weighed on values.

Uncertainty ahead of next week’s Statistics Canada crop production report was another factor keeping some caution in the market, as traders are unsure just what to expect from the final report of the year given the fact that many fields were still unharvested when the survey was conducted.

Solid export and domestic crusher demand helped limit the losses, as canola remains attractively priced to end users.

Gains in CBOT soybeans also lent some spillover support, according to participants.

About 5,000 canola contracts had traded as of 8:57 CST.

Milling wheat, durum, and barley futures were all untraded.

Futures Prices as of December 2, 2016

Canola
2016-12-02 09:01
Price Change
Jan 526 -1.70
Mar 533.1 -1.20
May 537.3 -1.10
Jul 537.7 -0.60
Milling Wheat
2016-12-02 00:00
Price Change
Dec 236.00 0.00
Mar 239.00 1.00
May 241.00 1.00
Jul 242.00 1.00
Durum
2016-12-02 00:00
Price Change
Dec 315.00 0.00
Mar 323.00 0.00
May 326.00 0.00
Jul 327.00 0.00
New Barley
2016-12-02 00:00
Price Change
Dec 138.00 0.00
Mar 142.00 0.00
May 144.00 0.00
Jul 145.00 0.00

Prices are in Canadian dollars per metric ton

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