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 Closing Review : Front Months Overcome Earlier Losses

09/17/2021 | 03:40pm EDT

WINNIPEG--Intercontinental Exchange canola futures were slightly lower in the most actively traded contracts Friday, with small gains in the more deferred positions.

Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows.

European rapeseed was higher in its front months and Malaysian palm oil incurred small declines.

Alberta reported the harvest of its major crops reached 60.5% complete as of Sept. 14 for a gain of 18 points. The province-wide canola harvest came in at 33% finished. Warm temperatures over the weekend will provide the opportunity for good progress in the Prairie harvest.

At six weeks into the 2021/22 marketing year, the Canadian Grain Commission reported that canola exports of 297,000 metric tons have fallen 75% from a year ago.

At mid-afternoon the Canadian dollar was lower, with the loonie at 78.48 U.S. cents, compared with Thursday's close of 78.90.

There were 22,259 contracts traded on Friday, which compares with Thursday, when 22,842 contracts changed hands. Spreading accounted for 18,128 contracts traded.

Settlement prices are in Canadian dollars per metric ton.

 
              Price    Change 
 
Canola   Nov  873.30  dn 1.80 
         Jan  866.30  dn 1.20 
         Mar  854.10  dn 0.30 
         May  837.40  up 0.80 
 

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

 
        Months             Prices              Volume 
 
        Nov/Jan    8.00 over to   5.70 over     4,327 
        Nov/Mar   21.00 over to  18.10 over       157 
        Nov/May   36.90 over to  36.10 over        18 
        Nov/Jul   55.00 over                        5 
        Nov/Nov  175.90 over                        1 
        Jan/Mar   13.50 over to  10.80 over     2,664 
        Jan/May   29.40 over                      294 
        Jan/Jul   50.10 over to  47.00 over        15 
        Mar/May   17.80 over to  15.10 over       788 
        Mar/Jul   39.00 over to  36.00 over        35 
        May/Jul   23.40 over to  19.30 over       748 
        Jul/Nov  117.00 over to 108.90 over        12 
 
 

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

(END) Dow Jones Newswires

09-17-21 1539ET

Latest news "Commodities"
05:54aJapan utilities ask refiners for extra oil amid surging LNG prices -PAJ
RE
05:29aCopper to extend slump in 2022 as mines ramp up, China weakens - Reuters poll
RE
05:05aSouth Africa's Eskom says it will implement deeper power cuts from midday
RE
05:03aKazakh govt under pressure to get tough on China over cargo jam
RE
04:57aSaudi Arabia licenses 44 companies to open regional headquarters in Riyadh
RE
04:52aS.Africa's Royal Bafokeng Platinum shares soar on Impala acquisition talks
RE
03:55aChina traders hunt for coal price directions as Beijing reins in data providers
RE
03:40aVegetables pricier than pork worry Chinese consumers as costs swell
RE
03:31aChinese steel futures track raw materials lower
RE
02:59aImpala Platinum in Talks to Buy Royal Bafokeng Platinum
DJ
Latest news "Commodities"