Winnipeg, MB, Mar 20, 2016 (CNS Canada), Mar 20, 2017 (Commodity News Service Canada, Inc. via COMTEX) --
THE ICE Futures Canada
canola market recorded minor gains to start the week, following
advances in Chicago Board of Trade soyoil.
The Canadian dollar was about a tenth of a cent weaker relative
to its US counterpart, which helped support canola.
Farmer selling was slow and funds are thought to be short in the
"We could be stuck in this range-bound choppy action ahead of
the (March 31 USDA planting intentions) report," a trader in Winnipeg
However, weakness in Malaysian palm oil limited the advances.
Large supplies from South America continue to stream onto the
market which undermined values.
Around 16,813 canola contracts were traded on Monday, which
compares with Friday when around 21,528 contracts changed hands.
Spreading accounted for about 10,878 of the contracts traded.
Milling wheat, barley and durum were all untraded.
Settlement prices are in Canadian dollars per metric tonne.
Canola May 505.40 up 1.70
Jul 510.90 up 2.10
Nov 492.70 up 2.90
Milling Wheat May 235.00 unch
Jul 236.00 unch
Durum May 282.00 unch
Jul 281.00 unch
Barley May 137.10 unch
Jul 138.00 unch
Spread trade prices are in Canadian dollars and the volume
represents the number of spreads:
Months Prices Volume
May/Jul 4.60 under to 5.60 under 2,966
May/Nov 14.80 over to 12.70 over 159
Jul/Nov 19.60 over to 18.00 over 2,066
Jul/Jan 13.90 over 4
Nov/Jan 5.10 under to 5.50 under 122
Nov/Mar 9.50 under to 10.50 under 84
Jan/Mar 4.30 under to 5.20 under 38
Dave Sims, Commodity News Service Canada
Copyright 2017 Commodity News Service Canada, Inc.