ICE Canada Review: Canola Closes Higher With Soybeans
Winnipeg, MB, Oct. 16, 2014
ICE Futures Canada canola market saw some choppy two-sided activity on Thursday, but settled higher in the most active nearby months as gains in the CBOT soy complex provided some spillover support.
After rallying at Wednesday's close, canola was initially due for a bit of a correction on Thursday. However, the nearby technical signals have turned higher and the advances in CBOT soybeans were enough to provide some spillover strength in canola as well, according to participants.
Continued weakness in the Canadian dollar, which remains at its weakest levels in five years relative to its US counterpart, was also supportive for canola, according to traders.
However, the advancing Canadian harvest did remain a bearish influence overhanging the canola market, with most of the canola crop expected to be in the bin within the next week, according to participants. Improving US harvest weather also weighed on values.
About 27,098 canola contracts were traded on Thursday, which compares with Wednesday when 27,410 contracts changed hands. The July/November spread was a feature as participants were rolling positions out of the front month.
Milling wheat, durum, and barley were all untraded.
Settlement prices are in Canadian dollars per metric ton.
Price Change
Canola Nov 412.90 up 3.30
Jan 416.40 up 1.60
Mar 422.40 up 0.90
Milling Wheat Dec 217.00 unch
Mar 226.00 unch
Durum Dec 356.50 unch
Mar 357.50 unch
Barley Dec 119.00 unch
Mar 122.00 unch
Commodity News Service
| 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 |
Обсуждение