ICE Canola Consolidating in Choppy Trade

WINNIPEG--The ICE Futures canola market narrowly mixed Friday morning in choppy trade, seeing some consolidation ahead of the weekend after Thursday's profit-taking selloff.

The Chicago Board of Trade soy complex was holding firm in early activity, providing some spillover support for canola.

Ongoing concerns over tight supplies also underpinned the market, although demand is already being rationed at current price levels.

The Canadian dollar was stronger in early activity, putting some pressure on canola.

About 4,500 canola contracts had traded as of 9:51 EDT.

     Prices in Canadian dollars per metric ton at 9:51 EDT:

                          Price      Change
Canola            Nov     937.70     up  0.30
                  Jan     928.00     up  0.60
                  Mar     910.30     dn  2.00
                  May     883.50     dn  3.40

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


  (END) Dow Jones Newswires
  10-22-21 1018ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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