WINNIPEG, MB, Sept. 22, 2014
Canola contracts on the ICE Futures Canada platform were sharply lower, making new lows once again at 10:45 CDT Monday. Spillover from the declines in Chicago soybeans and soyoil contributed to the losses.
Speculative selling and a lack of spec interest on the buy side were also bearish. The speculative money that is normally there when commodities drop really low is no longer around, a Winnipeg-based broker said.
Forecasts calling for warm, dry weather in Western Canada this week further undermined values, as improved conditions will aid harvest activities.
The softness was also linked to weakness in Malaysian palm oil and European rapeseed futures, follow-through selling on recent declines and farmer selling.
However, weakness in the value of the Canadian dollar limited the declines, as it makes canola more attractive to crushers and exporters.
Oversold price sentiment, some uncertainty surrounding the size of Canada's canola crop and light commercial buying at the lows were also supportive.
As of 10:45 CDT Monday, about 27,075 contracts had traded.
Milling wheat, barley and durum futures were untraded and unchanged.
Prices in Canadian dollars per metric ton at 10:45 CDT:
Price Change Canola Nov 388.50 dn 9.00 Jan 395.20 dn 9.40 Mar 402.50 dn 9.20 Milling Wheat Oct 187.00 unch Dec 194.00 unch Durum Oct 303.20 unch Dec 309.70 unch Barley Oct 123.50 unch Dec 125.50 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