00:04, 18.11.2014 — Новости
автор: OilWorld.Ru

ICE Canola Lower With US Soy


WINNIPEG, Manitoba, November 17, 2014

Canola contracts on the ICE Futures Canada platform were weaker at 10:45 CST Monday, tracking the soy complex.

"The meal situation is starting to settle down and it's a little bit back to normal which is typical for this time of year," said an analyst.

He noted canola values were too weak last week to follow the market higher. But believes things are back in a more reasonable balance.

Losses in Malaysian palm oil and European rapeseed futures pressured canola.

The Canadian dollar was weaker though which limited the losses.

Farmer selling in Western Canada has been sluggish, which also lent some underlying support to the market.

Around 21,000 contracts had traded as of 10:45 CST, Monday.

Milling wheat, durum and barley were all untraded and unchanged.

Prices in Canadian dollars per metric ton at 10:45 CST:

                          Price      Change
Canola            Jan     425.80    dn  2.10
                  Mar     429.80    dn  1.50
                  May     429.90    dn  3.30
Milling Wheat     Dec     230.00      unch
                  Mar     237.00      unch
Durum             Dec     356.50      unch
                  Mar     357.50      unch
Barley            Dec     160.00      unch
                  Mar     163.00      unch

 

Commodity News Service Canada

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