Winnipeg, MB, August 5, 2014
ICE Futures Canada canola contracts ended sharply higher on Tuesday, after the market rallied just before the close.
Canola was catching up with Monday's sharp gains in soybeans, as Canadian markets were closed, analysts said. Though, some downward pressure came from the weakness seen in soybeans and soyoil on Tuesday.
The sharp downswing in the value of the Canadian dollar, which dropped about a third of a cent against the US dollar, was bullish. The softer Canadian currency makes canola more attractive to crushers and foreign buyers.
A lack of significant farmer selling in Western Canada, as they wait for better prices and more confidence in their new crop was also supportive, as was strong demand for the commodity.
However, forecasts calling for better weather in Western Canada this week were bearish, as were ideas that the Canadian canola crop is looking bigger than it did a month ago.
About 18,538 contracts traded on Tuesday, which compares with Friday, when 15,862 contracts changed hands. Spreading was a large feature of the activity, accounting for 14,056 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 439.30 up 5.00 Jan 444.40 up 6.00 Mar 445.30 up 6.20 Milling Wheat Oct 188.00 unch Dec 194.00 unch Durum Oct 250.00 unch Dec 256.00 unch Barley Oct 136.50 unch Dec 138.50 unch
Months Prices Volume Canola Nov/Jan 5.50 under to 3.80 under 3,031 Nov/Mar 6.20 under to 4.10 under 58 Nov/May 2.70 under to 0.40 under 27 Nov/Jul 2.10 over to 4.50 over 42 Nov/Nov 11.10 over to 14.50 over 29 Jan/Mar 1.10 under to 0.30 under 829 Jan/May 2.60 over to 2.80 over 660 Jan/Jul 7.40 over 1 Jan/Nov 16.20 over 275 Mar/May 3.30 over to 4.00 over 390 May/Jul 4.00 over to 5.20 over 770 Jul/Nov 5.00 over to 12.90 over 916
Terryn Shiells, 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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