Winnipeg, MB, July 9, 2014 (CNS Canada), Jul 09, 2014 (Commodity News Service Canada, Inc. via COMTEX) --
ICE Futures Canada canola contracts ended sharply lower on Wednesday, following the large losses seen in the Chicago soy complex during the past week, analysts said.
Much of the recent weakness in Chicago soybean and soyoil futures was linked to favourable weather conditions for the development of the 2014/15 US crop.
Canola futures were also undermined by the upswing in the value of the Canadian dollar. Slowing demand, as canola is no longer undervalued compared to other oilseeds, was also bearish.
There are still some concerns about flood damage in Western Canada, but crops in unaffected areas were reported as looking good.
The losses in canola were limited by slow farmer selling, as they wait until they're more confident in the new crop before emptying their bins.
About 18,733 contracts traded on Wednesday, which compares with Tuesday when 16,000 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 449.10 dn 13.50 Jan 451.60 dn 12.60 Mar 450.50 dn 12.20 Milling Wheat Oct 187.00 unch Dec 193.00 unch Durum Oct 235.10 unch Dec 241.10 unch Barley Oct 132.50 unch Dec 134.50 unch
Terryn Shiells, Commodity News Service Canada
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
30950.00 | + 1150 | 31200.00 | + 1200 |
ПФО |
30310.00 | + 1370 | 31000.00 | + 2000 |
СКФО |
31650.00 | + 2200 | 32000.00 | + 2000 |
ЮФО |
31500.00 | + 2250 | 32000.00 | + 2300 |
СФО |
32000.00 | + 2700 | 33000.00 | + 3500 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
73000.00 | + 1000 | 73500.00 | + 200 |
ЮФО |
72000.00 | + 2200 | 74000.00 | + 0 |
ПФО |
72000.00 | + 500 | 73200.00 | + 100 |
СФО |
73500.00 | + 1000 | 74900.00 | + 0 |
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