WINNIPEG--ICE Futures Canada canola contracts closed higher Tuesday, lifted by speculative buying as the market broke above key resistance of C$470 per tonne in the May contract, analysts said.
Spillover support from the advances seen in the CBOT soy complex also underpinned the futures, as did weakness in the value of the Canadian dollar.
Worries about cold weather delaying planting in the U.S. and Canada and concerns surrounding political problems in Ukraine added to the bullish tone.
Some talk that Oklahoma's winter canola crop may have been damaged by below-freezing temperatures overnight was also supportive.
However, ongoing expectations of large carry out stocks of canola this year and reports that farmers will increase acreage of the crop this spring were bearish.
About 17,226 canola contracts were traded on Tuesday, which compares with Monday when 14,053 contracts changed hands. Spreading accounted for 10,788 of the trades made.
Milling wheat, durum and barley futures were untraded following price revisions after the close on Monday.
Settlement prices are in Canadian dollars per metric ton.
Price Change
Canola
May 470.90 up 6.90
Jul 479.90 up 6.90
Nov 494.80 up 7.50
Milling Wheat
May 217.00 unch
Jul 215.00 unch
Durum
May 250.00 unch
Jul 250.00 unch
Barley
May 138.50 unch
Jul 136.50 unch
Spread trade prices are in Cdn dollars and the volume represents the number of spreads:
Months Prices Volume
Canola
May/Jul 9.20 under to 8.80 under 2,870
May/Nov 23.90 under to 23.60 under 601
May/Jan 30.80 under 10
May/Mar 36.70 under 22
May/May 43.40 under 3
Jul/Nov 14.90 under to 14.40 under 1,494
Nov/Jan 7.00 under to 6.80 under 98
Nov/Mar 13.20 under 46
Nov/May 19.90 under 1
Jan/Mar 6.80 under to 6.40 under 40
Mar/May 6.60 under to 6.40 under 209
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29150.00 | + 700 | 29160.00 | + 660 |
ПФО |
27950.00 | + 300 | 28050.00 | + 50 |
СКФО |
28700.00 | + 500 | 28950.00 | - 50 |
ЮФО |
28150.00 | - 200 | 28950.00 | - 50 |
СФО |
28400.00 | - 100 | 28300.00 | - 200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
71000.00 | + 850 | 73250.00 | + 1380 |
ЮФО |
69800.00 | + 200 | 74000.00 | + 3500 |
ПФО |
71000.00 | + 1450 | 73000.00 | + 2950 |
СФО |
72000.00 | + 1800 | 75000.00 | + 4500 |
Обсуждение