ICE canola steady Friday

By Marlo Glass, MarketsFarm
WINNIPEG, Aug. 30 (MarketsFarm) – The ICE Futures canola market was holding near unchanged ahead of the weekend, staying mostly locked in a consolidation pattern.
Canola values followed price trends set by soybeans on the Chicago Board of Trade, as well as Malaysian palm oil and European rapeseed.
While there has been little to no frost damage, a small weather premium remains in the market due to concerns of late crop development.
The Canadian dollar held around 75 cents compared to the U.S. dollar, which supported canola values.
About 1,500 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 447.50 dn 0.20
Jan 455.20 dn 0.10
Mar 462.30 dn 0.10
May 468.50 dn 0.40

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