Winnipeg, MB, Sept. 11, 2014
ICE Futures Canada canola contracts ended weaker on Thursday, hitting fresh lows during the session. The November contract fell to C$409 per tonne at one point on Thursday, but chart support held and prices managed to close above the lows of the day, analysts said.
Spillover pressure from the losses seen in Chicago soybean futures, after the USDA report showed higher than expected US bean production of 3.9 billion bushels, was bearish.
Some of the price softness was also linked to ideas that frost in Western Canada this week won't do much damage to canola crops.
A recent pickup in farmer selling, as harvest is underway in some areas, further undermined prices.
However, weakness in the value of the Canadian dollar helped to limit the declines, as it made canola more attractive to crushers and exporters.
The need to keep a weather premium built into prices until canola is fully in the bin was also supportive.
About 16,298 contracts traded on Thursday, which compares with Wednesday when 6,711 contracts changed hands.
Milling wheat, durum and barley futures were untraded and unchanged.
Settlement prices are in Canadian dollars per metric ton.
Price Change Canola Nov 411.20 dn 3.50 Jan 415.80 dn 3.40 Mar 421.40 dn 2.80 Milling Wheat Oct 197.00 unch Dec 203.00 unch Durum Oct 288.80 unch Dec 294.80 unch Barley Oct 124.00 unch Dec 126.00 unch
Commodity News Service Canada
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