Winnipeg, Manitoba, Nov 20, 2014
THE ICE Futures Canada canola market was stronger on Thursday - tracking the US soy complex in low-volume trading.
There is little farmer selling right now and large funds don't have a definite position, they're absolutely even, according to a trader.
"Most analysts and merchants think canola will eventually out maneuver the soybeans on the upside, but that won't happen until 2015," he said, adding values would likely stay between C$420.00 to $440.00 per tonne in the near-term.
European rapeseed futures and Malaysian palm oil were both higher which helped to underpin the market.
However, a stronger Canadian dollar put downward pressure on values.
The technical bias is shifting to the downside, meaning any significant bounce could be seen as a selling opportunity.
Around 10,877 canola contracts were traded on Thursday, which compares with Wednesday when around 16,302 contracts changed hands.
Milling wheat, durum, and barley were all untraded.
Settlement prices are in Canadian dollars per metric ton.
Price Change Canola Jan 430.30 up 2.40 Mar 433.00 up 1.60 May 434.20 up 1.50 Milling Wheat Dec 226.00 unch Mar 234.00 unch Durum Dec 356.50 unch Mar 357.50 unch Barley Dec 163.00 unch Mar 166.00 unch
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 |
Обсуждение