Аналитика цен по регионам на 24.04.2024
16:15 — Внутренний рынок
02:03, 20.11.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Weighed Down By US Soy


Winnipeg, Manitoba, Nov 19, 2014

The ICE Futures Canada canola market ended weaker on Wednesday in sympathy with the US soy complex.

While canola has held relatively steady in recent days, pressure is increasing on the US markets, which canola has been unable to escape from, according to an analyst.

He added the soymeal premium, which had existed in recent weeks due to logistical problems with US railways, has pretty much disappeared.

Earlier pressure from European rapeseed futures and Malaysian palm oil also weighed on values.

However, solid demand for canola and a weaker Canadian dollar limited the losses.

Farmer selling isn't likely to ramp up anytime soon, according to a report, as many producers will want to wait until the new tax season begins in January.

Around 16,302 canola contracts were traded on Wednesday, which compares to Tuesday when around 16,035 contracts changed hands.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Jan     427.90    dn 5.40
                  Mar     431.40    dn 4.60
                  May     432.70    dn 4.30
Milling Wheat     Dec     225.00    unch
                  Mar     233.00    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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Аналитика цен по регионам на 24.04.2024
16:15 — Внутренний рынок
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