00:08, 28.10.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Leaps With Soymeal


Winnipeg, MB, Oct. 27, 2014

ICE Futures Canada canola contracts settled higher on Monday, as values followed US soymeal higher, throughout the day.

Soymeal underpinned the entire oilseed complex, said one trader, due to strong demand and tight supplies in the US.

Canola values were also rebounding from Friday's sell-off, which was sparked when the Louis Dreyfus canola crushing plant in Yorkton, Saskatchewan suffered an explosion. It is not known how long the plant will be closed.

On the flipside, rain in drought-stricken regions of Brazil pressured values, along with the advancing US soybean harvest. Soyoil was also leaning to the downside.

About 21,555 canola contracts were traded on Monday, which compares with Friday when 33,168 contracts changed hands.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Nov     422.70    up 11.70
                  Jan     420.50    up  9.10
                  Mar     422.80    up  8.80
Milling Wheat     Dec     225.00    unch
                  Mar     231.00    unch
Durum             Dec     356.50    unch
                  Mar     357.50    unch
Barley            Dec     137.00    unch
                  Mar     140.00    unch

 

 Commodity News Service

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