01:00, 01.09.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Down Ahead Of Long Weekend


Winnipeg, MB, August 29, 2014

ICE Futures Canada canola contracts ended lower on Friday, as traders took some profits on recent gains and ahead of the long weekend, analysts said. Canadian and US markets will be closed for Labour Day on Monday, September 1.

The market's weakness was also linked to spillover pressure from the declines seen in the Chicago soybeans, soyoil and Malaysian palm oil futures.

Continued expectations of a record large 2014/15 US soybean crop were also weighing on canola.

However, concerns about cool, wet weather causing problems for western Canadian canola crops this week helped to limit the declines, as did the weaker Canadian dollar.

About 20,981 contracts traded on Friday, which compares with Thursday when 15,689 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     419.80    dn  5.40
                  Jan     425.80    dn  5.20
                  Mar     431.20    dn  4.90
Milling Wheat     Oct     205.00      unch
                  Dec     211.00      unch
Durum             Oct     250.00      unch
                  Dec     256.00      unch
Barley            Oct     125.00      unch
                  Dec     127.00      unch

 

Commodity News Service Canada

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