Winnipeg, MB, Oct 9, 2014

THE ICE Futures Canada canola market ended slightly weaker on choppy trading Thursday - as investors evened positions before the release of Friday's USDA monthly crop production and supply/demand report. Values were mostly lower throughout the morning before a late rally briefly pushed them into positive territory. Ultimately however, they drifted back below unchanged.

Farmer selling was a feature of Thursday's session with some farmer hedge pressure coming to bear, according to an analyst.

The advancing Western Canadian harvest also weighed on values along with European rapeseed futures which were also weaker.

The Canadian dollar was lower, which provided some support to values.

Soybeans were higher which was also supportive.

About 34,000 canola contracts were traded on Thursday. Spreading was a feature, accounting for 22,914 of the contracts traded.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Nov     404.60    dn 1.70
                  Jan     411.30    dn 1.40
                  Mar     418.40    dn 1.30
Milling Wheat     Dec     211.00    unch
                  Mar     215.00    unch
Durum             Dec     346.50    unch
                  Mar     347.50    unch
Barley            Dec     115.50    unch
                  Mar     117.50    unch

Months        Prices                      Volume
Canola
Nov/Jan       6.80 under to 6.00 under     5,929
Nov/Mar       14.00 under to 13.00 under     585
Nov/May       19.20 under to 18.60 under      96
Nov/Jul       23.70 under to 22.50 under      78
Jan/Mar       7.30 under to 6.70 under     3,129
Jan/May	    12.50                            4
Jan/Jul       16.00 under to 15.90 under      40
Mar/May       5.70 under to 5.00 under       906
Mar/Jul       9.30 under to 8.80 under        11
May/Jul       4.40 under to 3.80 under       504
Jul/Nov       6.10 under to 3.90 under       175

Commodity News Service Canada