ICE canola rebounds ahead of the weekend

By Marlo Glass, MarketsFarm
WINNIPEG, Nov. 22 (MarketsFarm) – The ICE Futures canola market was higher on Friday, bouncing back from losses incurred the day before.
A stronger tone from soyoil on the Chicago Board of Trade dragged canola prices lower. The December soyoil contract was up by about a quarter a cent at 8:35 CST.
Recent weakness in the Canadian dollar was supportive of prices. The dollar was around 75.3 U.S. cents on Friday morning.
About 2,400 canola contracts had traded as of 8:35 CST.
Prices in Canadian dollars per metric ton at 8:35 CST:
Price Change
Canola Jan 464.90 up 1.70
Mar 473.70 up 1.50
May 481.70 up 1.60
Jul 488.60 up 2.10

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