Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

ICE Canola Continues Downtrend Friday Morning

01/14/2022 | 10:10am EST

The ICE Futures canola market remained pointed lower Friday morning, as speculators continued to liquidate their long positions and book profits.

Weakness in the Chicago Board of Trade soy complex put some additional spillover pressure on the Canadian oilseed.

However, European rapeseed and Malaysian palm oil futures were both higher in overnight activity.

Tight Canadian canola supplies remain a supportive influence in the background, but demand has already been curtailed considerably leaving the market open to a correction.

About 6,500 canola contracts had traded as of 9:35 ET.

Prices in Canadian dollars per metric ton at 9:35 ET:

 
 
 
                          Price      Change 
 
Canola            Mar     976.90     dn  7.90 
 
                  May     962.80     dn  8.50 
 
                  Jul     933.60     dn  7.60 
 
                  Nov     791.20     dn  4.60 
 
 

(END) Dow Jones Newswires

01-14-22 1009ET

Stocks mentioned in the article
ChangeLast1st jan.
CRUDE PALM OIL 0.00% 1209.5 End-of-day quote.7.85%
LONDON BRENT OIL -0.16% 87.52 Delayed Quote.11.05%
ON SEMICONDUCTOR CORPORATION -6.38% 59.01 Delayed Quote.-13.12%
WTI 0.18% 85.121 Delayed Quote.15.15%
Latest news "Commodities"
04:16aS.African Sibanye's 2021 gold output above lower end of target
RE
04:05aGold choppy as firmer yields battle softer dollar
RE
04:04aFlixmobility preparing for potential purchase of new trains for around 1 bln euros - handelsblatt, citing financial sources
RE
03:46aLONDON STOCK EXCHANGE : FTSE 100 gains on mining strength, Unilever boost; Deliveroo jumps
RE
03:21aSibanye-Stillwater Says 2021 Production Was in Line With Guidance
DJ
03:12aAssociated British Foods 1Q Revenue Rose Despite Omicron Hit to Primark Sales -- Update
DJ
02:39aAssociated British Foods 1Q Revenue Rose Despite Omicron Hit to Primark Sales
DJ
02:36aSandvik orders beat forecasts as mining demand remains strong
RE
02:25aIron ore rises on China stimulus; stainless steel tracks record nickel prices
RE
02:00aAs inflation breaks records, $100 oil is also looming
RE
Latest news "Commodities"