23:00, 27.07.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Up Slightly Ahead Of The Weekend


Winnipeg, MB, July 25, 2014

ICE Futures Canada canola contracts ended slightly higher on Friday amid light, choppy pre-weekend activity.

Traders didn't want to push prices too far one way or the other as they were waiting for fresh market moving news, analysts said.

The sharply lower Canadian dollar, which dropped more than half a cent relative to the US currency, helped to underpin prices.

Ongoing concerns about lower yield potential due to unfavourable conditions in Western Canada, steady demand and slow farmer selling were also bullish.

On the other side, spillover pressure from outside oilseed markets, including the Chicago soy complex and European rapeseed futures, was bearish.

Forecasts calling for better weather conditions in some parts of Western Canada over the weekend also weighed on prices.

About 10,123 contracts traded on Friday, which compares with Thursday, when 13,448 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     442.50    up  1.80
                  Jan     446.00    up  1.60
                  Mar     446.80    up  1.90
Milling Wheat     Oct     189.00      unch
                  Dec     194.00      unch
Durum             Oct     250.00      unch
                  Dec     256.10      unch
Barley            Oct     137.50      unch
                  Dec     139.50      unch

 

Terryn Shiells, Commodity News Service Canada

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