Winnipeg, MB, Oct. 3, 2014
ICE Futures Canada canola contracts settled higher on Friday, as weakness in the Canadian dollar, a supportive Statistics Canada production report, and bullish technical signals all contributed to the gains.
The Canadian dollar was down by roughly three-quarters of a cent relative to its US counterpart, which underpins crush margins and also makes canola more attractively priced to international customers. The CBOT soy complex was down on the day. However, when accounting for the exchange rate, canola held relatively steady with its US counterparts, according to a broker.
Chart-based buying did provide some support for canola as well, with the November contract moving back above the psychological C$400 per tonne level.
Statistics Canada released updated production estimates Friday morning, pegging the canola crop at 14.1 million tonnes. The number was up slightly from the 13.9 million tonnes forecast in August, but came in at the low end of trade estimates.
Given the timing of the survey in early September, when little harvest activity had occurred, market participants generally remain of the opinion that actual production will still end up closer to 14.5 million tonnes.
About 18,032 canola contracts were traded on Friday, which compares with Thursday when 23,293 contracts changed hands. Spreading was a feature, accounting for 15,890 of the contracts traded.
Milling wheat, durum, and barley were all untraded.
Settlement prices are in Canadian dollars per metric ton.
Price Change Canola Nov 403.80 up 5.60 Jan 409.90 up 5.60 Mar 416.60 up 5.40 Milling Wheat Dec 203.00 unch Mar 212.00 unch Durum Dec 326.50 unch Mar 327.50 unch Barley Dec 116.50 unch Mar 119.50 unch Spread trade prices are in Canadian dollars and the volume represents the number of spreads: Months Prices Volume Canola Nov/Jan 6.50 under to 6.00 under 3,522 Nov/Mar 13.50 under to 12.50 under 785 Nov/May 19.90 under to 19.30 under 105 Nov/Jul 24.40 under to 24.30 under 9 Nov/Nov 30.40 under to 30.10 under 15 Jan/Mar 7.00 under to 6.50 under 1,717 Jan/Jul 18.90 under to 18.50 under 41 Mar/May 6.70 under to 6.10 under 788 Mar/Jul 12.30 under to 11.40 under 42 May/Jul 5.90 under to 4.90 under 490 Jul/Nov 6.50 under to 5.20 under 431
Commodity News Service
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