Winnipeg, MB, Dec. 2, 2014 ICE
Futures Canada canola contracts were down on Tuesday, retreating from earlier gains as the initial buying interest ran out of steam and sharp declines in the CBOT soy complex spilled over to drag canola down as well.
Oversold price sentiment, a weaker Canadian dollar, and good domestic crusher demand had all helped give canola an early boost, according to participants. The most active January contract had rose by over five dollars per tonne in overnight activity.
However, the independent strength was short-lived, and large losses in soybeans and soyoil eventually spilled over to pull canola down as well. Some sell-stops were hit on the way down, as prices moved below nearby support levels, according to analysts.
Statistics Canada releases updated production estimates on Thursday, December 4, and positioning ahead of the report was likely behind some of the activity. Traders are generally anticipating upward revisions to the canola production number, but the extent of those adjustments remains to be seen.
About 29,399 canola contracts were traded on Tuesday, which compares with Monday when 27,210 contracts changed hands. Spreading accounted for 20,870 of the contracts traded.
Milling wheat and durum were both untraded. Barley was steady to lower, with all of the 50 contracts traded tied to participants exiting the December contract.
Settlement prices are in Canadian dollars per metric ton.
Price Change Canola Jan 416.90 dn 5.50 Mar 415.30 dn 6.70 May 416.90 dn 6.70 Milling Wheat Mar 251.00 unch May 243.00 unch Durum Mar 357.50 unch May 357.50 unch Barley Mar 177.00 unch May 177.00 unch Spread trade prices are in Canadian dollars and the volume represents the number of spreads: Months Prices Volume Canola Jan/Mar 0.30 over to 2.20 over 6478 Jan/May 0.70 under to 0.50 over 841 Jan/Jul 1.50 under to 0.70 under 37 Mar/May 1.80 under to 1.30 under 1151 Mar/Jul 2.00 under 1 May/Jul 1.60 under to 0.40 under 1460 May/Nov 2.10 over to 3.40 over 3 Jul/Nov 2.80 over to 3.40 over 463 Nov/Jan 4.90 under 1
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