00:12, 22.10.2014 — Новости
автор: OilWorld.Ru

ICE Canada Review: Canola Ends Down After Choppy Day


Winnipeg, MB, Oct. 21, 2014

ICE Futures Canada canola contracts ended lower after a day of choppy, two-sided activity on Tuesday.

Some of the price softness was linked to technical selling, as the market's bias remains pointed lower, analysts said.

The upswing in the value of the Canadian dollar also weighed on prices, as it made canola less attractive to crushers and exporters.

Expectations of record large US soybean production further undermined canola.

However, some spillover support came from the gains seen in Malaysian palm oil, European rapeseed and Chicago soybean futures.

Worries about slow harvest progress in the U.S. Midwest also underpinned values.

About 18,774 contracts traded on Tuesday, which compares with Monday when 34,952 contracts changed hands. Spreading was a feature of the activity, as traders rolled out of the November contract ahead of its expiry.

Milling wheat and durum futures were untraded and unchanged. Barley futures saw some activity, with 50 December contracts traded at higher prices.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Nov     404.00    dn  1.40
                  Jan     407.10    dn  1.00
                  Mar     411.90    dn  1.30
Milling Wheat     Dec     224.00      unch
                  Mar     230.00      unch
Durum             Dec     356.50      unch
                  Mar     357.50      unch
Barley            Dec     127.00    up  8.00
                  Mar     122.00      unch

 

Commodity News Service Canada

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