Winnipeg, Manitoba, Nov 18, 2014

The ICE Futures Canada canola market ended slightly firmer on Tuesday - following a volatile session of trading where values tested both sides of unchanged before rising in sympathy with soyoil.

Commercials were on both sides of the lightly-traded market while farmers and speculators stayed largely on the sidelines, according to an analyst. He also noted producers wouldn't likely enter the market until prices were much stronger.

European rapeseed futures were higher which helped to underpin the market.

However, soybeans and soymeal were both weaker which limited the gains.

The prospects for soybean production in South America continue to stay favorable, which was also bearish.

Around 16,035 canola contracts were traded on Tuesday, which compares with Monday when around 14,578 contracts changed hands. Spreading was a feature, accounting for 8,180 of the contracts traded.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Jan     433.30    up 2.00
                  Mar     436.00    up 1.90
                  May     437.00    up 1.70
Milling Wheat     Dec     225.00    unch
                  Mar     233.00    unch
Durum             Dec     356.50    unch
                  Mar     357.50    unch
Barley            Dec     160.00    unch
                  Mar     163.00    unch
     Spread trade prices are in Canadian dollars and the volume
represents the number of spreads:
Months        Prices                      Volume
Canola
Jan/Mar       3.20 under to 1.00 under      3016
Jan/May       4.90 under to 4.20 under        69
Jan/Jul       6.50 under to 5.10 under        13
Jan/Nov       1.40                             1
Mar/May       1.70 under to 0.70 under       538
Mar/July      3.00 under to 2.90 under         4
May/Jul       2.30 under to 0.60 under       315
Jul/Nov       2.70 over  to 5.10 over        134

Commodity News Service Canada