ICE Canola Mixed, Volume Continues to Increase

01/14/2022 | 03:43pm

WINNIPEG--Intercontinental Exchange canola futures finished mixed Friday, with only a small loss in the nearby March contract as trading volumes continued to spike upward.

Sharp increases in European rapeseed and Malaysian palm oil aided the about-face in canola, but losses in the Chicago soy complex weighed on values. Support for edible oils came from upticks in global crude-oil prices.

Tight supplies continued to underpin canola, but export demand has already been rationed considerably.

As the U.S. dollar found its footing, the Canadian dollar pulled back. At midafternoon, the loonie tumbled to 79.60 U.S. cents, compared to Thursday's close of 80.10.

There were 40,596 contracts traded Friday, which compares with Thursday when 39,133 contracts changed hands. Spreading accounted for 30,524 contracts traded.


Settlement prices are in Canadian dollars per metric ton.


Price Change


Canola

Mar 982.90 dn 1.90

May 972.00 up 0.70

Jul 945.40 up 4.20

Nov 800.30 up 4.50


Spread trade prices are in Canadian dollars and the volume represents the number of spreads:

 
   Months  Prices                    Volume 
 

Mar/May 15.60 over to 7.80 over 7,321

   Mar/Jul  45.00 over to 33.00 over   262 

Mar/Nov 183.30 over to 181.00 over 304

May/Jul 31.30 over to 25.00 over 6,302

May/Nov 174.20 over to 168.90 over 546

Jul/Nov 145.90 over to 139.50 over 502

   Nov/Jan   5.20 over to 4.00 over     20 
   Jan/Mar   5.80 over to 5.50 over      5 
 

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

01-14-22 1542ET

Copier lien
Latest news about "Markets"
10h ago
15h ago
20h ago
20h ago
20h ago