ICE Canada Review: Canola Down With Soy Complex
Winnipeg, MB, July 2, 2014 (CNS Canada), Jul 02, 2014 (Commodity News Service Canada, Inc. via COMTEX) --
ICE Futures Canada canola contracts were lower at Wednesday's close, seeing a continuation of Monday's sharp declines as activity resumed after the Canada Day holiday.
CBOT soybeans were down on Tuesday when Canadian markets were closed and continued to drift lower on Wednesday. While Canadian weather concerns were supportive, the bearish US market kept canola under pressure as well, said participants.
The recent losses have also shifted the technical bias to the downside, which contributed to Wednesday's selling pressure in canola.
However, the heavy rains that fell across large parts of Manitoba and Saskatchewan over the past week did help limit the losses in canola. The extent of the damage is still being calculated, but canola production will be downgraded from earlier expectations, said traders.
That production uncertainty limited farmer selling, and also kept some end user demand in the market.
About 21,269 canola contracts were traded on Wednesday, which compares with Monday when 25,393 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 450.60 dn 6.70
Jan 454.50 dn 5.70
Mar 455.50 dn 5.20
Milling Wheat Oct 195.00 unch
Dec 199.00 unch
Durum Oct 230.00 unch
Dec 232.00 unch
Barley Oct 132.50 unch
Dec 134.50 unch
Phil Franz-Warkentin, Commodity News Service
| Регион | Закуп. | Изм. | Прод. | Изм. |
|---|---|---|---|---|
ЦФО |
29800.00 | + 650 | 30000.00 | + 840 |
ПФО |
28940.00 | + 990 | 29000.00 | + 950 |
СКФО |
29450.00 | + 750 | 30000.00 | + 1050 |
ЮФО |
29250.00 | + 1100 | 29700.00 | + 750 |
СФО |
29300.00 | + 900 | 29500.00 | + 1200 |
| Регион | Закуп. | Изм. | Прод. | Изм. |
|---|---|---|---|---|
ЦФО |
72000.00 | + 1000 | 73300.00 | + 50 |
ЮФО |
69800.00 | + 0 | 74000.00 | + 0 |
ПФО |
71500.00 | + 500 | 73100.00 | + 100 |
СФО |
72500.00 | + 500 | 74900.00 | - 100 |
Обсуждение