Winnipeg, MB, August 1, 2014
ICE Futures Canada canola contracts ended sharply lower, as traders liquidated positions ahead of the long weekend. Canadian markets are closed on Monday, August 4 for a Civic Holiday.
Much of the weakness was linked to spillover pressure from the declines seen in the Chicago soy complex and European rapeseed futures, analysts said.
CWB's estimate calling for an average western Canadian canola yield of 34.3 bushels an acre was also bearish, as it was in line with the long-term average despite problems with excess moisture in some regions, and excess dryness in others this year.
Ongoing expectations of a very large 2014/15 US soybean crop also weighed on values.
However, weakness in the value of the Canadian dollar tempered the losses, as it made canola more attractive to crushers and foreign buyers.
Slow farmer selling, as they wait for better prices and more confidence in their new crop, was also supportive.
About 15,862 contracts traded on Friday, which compares with Thursday, when 10,437 contracts changed hands. Spreading accounted for 8,778 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 434.30 dn 7.00 Jan 438.40 dn 7.00 Mar 439.10 dn 6.90 Milling Wheat Oct 188.00 unch Dec 194.00 unch Durum Oct 250.00 unch Dec 256.00 unch Barley Oct 137.50 unch Dec 139.50 unch
Months Prices Volume Canola Nov/Jan 4.40 under to 3.70 under 1,755 Nov/Mar 4.30 under to 4.00 under 12 Jan/Mar 0.50 under to 0.10 under 1,333 Mar/May 3.70 over to 3.90 over 501 May/Jul 4.20 over to 4.70 over 173 Jul/Nov 11.50 over to 13.60 over 615
Commodity News Service Canada
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29150.00 | + 700 | 29160.00 | + 660 |
ПФО |
27950.00 | + 300 | 28050.00 | + 50 |
СКФО |
28700.00 | + 500 | 28950.00 | - 50 |
ЮФО |
28150.00 | - 200 | 28950.00 | - 50 |
СФО |
28400.00 | - 100 | 28300.00 | - 200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
71000.00 | + 850 | 73250.00 | + 1380 |
ЮФО |
69800.00 | + 200 | 74000.00 | + 3500 |
ПФО |
71000.00 | + 1450 | 73000.00 | + 2950 |
СФО |
72000.00 | + 1800 | 75000.00 | + 4500 |
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