Winnipeg, MB, August 25, 2014

ICE Futures Canada canola contracts ended firmer on Monday, following the gains seen in Chicago soyoil futures, analysts said.

Further support came from worries about cold temperatures possibly causing damage to canola crops in parts of Alberta and Saskatchewan over the weekend.

Steady demand for the commodity added to the bullish tone, as did the weaker Canadian dollar and oversold price sentiment.

However, ongoing expectations of record large US soybean production and weakness in Chicago soybean futures limited the advances.

The canola market's technical bias remains pointed lower, which also tempered the gains, brokers said.

About 13,565 contracts traded on Monday, which compares with Friday when 8,508 contracts changed hands. Spreading accounted for 5,088 of the trades.

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

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Nov     420.30    up  2.00
                  Jan     425.80    up  2.20
                  Mar     430.80    up  2.40
Milling Wheat     Oct     206.00      unch
                  Dec     211.00      unch
Durum             Oct     250.00      unch
                  Dec     256.00      unch
Barley            Oct     135.00      unch
                  Dec     137.00      unch

Months        Prices                      Volume
Canola
Nov/Jan       5.50 under to 5.00 under       899
Nov/Mar       9.90 under to 9.80 under         5
Nov/May       11.00 under to 10.40 under     253
Jan/Mar       5.20 under to 4.40 under       573
Jan/Jul       5.20 under to 4.40 under        53
Mar/May       0.60 under to unchanged        422
Mar/Jul       unchanged to 0.30 over          26
May/Jul       0.10 over to 0.50 over         144
Jul/Nov       1.00 under to 1.30 over        199

Commodity News Service Canada