WINNIPEG, Manitoba--Intercontinental Exchange (ICE) canola futures finished mixed on Tuesday as the front months remained lower and the new crop contracts were higher.
Gains in the Chicago soy complex, European rapeseed and Malaysian palm oil provided support to canola.
Strong upticks in global crude oil prices spilled over into edible oils.
Tight canola supplies continued to underpin values, even as eyes turn towards spring planting. The latter will be delayed somewhat by a major snowstorm set to strike southern Manitoba and parts of eastern Saskatchewan.
The Canadian dollar was lower at mid-afternoon, with the loonie at 79.12 U.S. cents, compared to Monday's close of 79.23.
There were 18,672 contracts traded on Tuesday, which compares with Monday when 16,116 contracts changed hands.
Spreading accounted for 13,200 contracts traded.
Settlement prices are in Canadian dollars per metric tonne.
Price Change Canola
May 1,157.60 dn 9.30 Jul 1,135.40 dn 7.00 Nov 1,018.70 up 6.20 Jan 1,019.10 up 6.60
Spread trade prices are Canadian dollars and the volume represents the number of spreads:
Months Prices Volume May/Jul 25.50 over to 22.10 over 3,519 May/Nov 149.60 over to 139.60 over 178 May/Jan 155.30 over 7 Jul/Nov 130.90 over to 115.00 over 2,316 Jul/Jan 124.00 over to 116.90 over 6 Nov/Jan 0.20 over to 0.50 under 498 Jan/Mar 1.50 over to 0.30 over 76
Source: Commodity News Service Canada
Write to Glen Hallick at news@marketsfarm.com
(END) Dow Jones Newswires
04-12-22 1543ET
