23:04, 26.10.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Down Sharply Ahead Of The Weekend


Winnipeg, MB, Oct. 24, 2014

ICE Futures Canada canola contracts ended sharply lower on Friday, undermined by profit taking on recent gains and ahead of the weekend.

Spillover pressure also came from the declines seen in Chicago soybean and soyoil futures.

Some of the selling was linked to news of a massive explosion at the Louis Dreyfus crushing plant near Yorkton, Saskatchewan. If the damage is bad enough to shut the plant down, demand for Canadian canola supplies would be reduced in the short term, analysts said.

Ideas that Canadian canola crop prospects are looking larger than earlier estimates added to the bearish tone.

The Canadian currency was holding steady, providing little direction for canola.

About 33,168 contracts traded on Friday, which compares with Thursday when 29,679 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     411.00    dn  7.70
                  Jan     411.40    dn  9.90
                  Mar     414.00    dn 11.10
Milling Wheat     Dec     226.00      unch
                  Mar     231.00      unch
Durum             Dec     356.50      unch
                  Mar     357.50      unch
Barley            Dec     137.00      unch
                  Mar     140.00      unch

Commodity News Service Canada

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