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 Midday : November's Expiry Pushing Down Prices

10/22/2021 | 12:13pm EST

Intercontinental Exchange (ICE) canola prices remained lower at midday Friday following yesterday's losses as the expiry of the November options draw closer.

"The liquidation in the November continues to accelerate," said a trader, noting that its open interest is rapidly declining.

He added there has been profit-taking by some of the spec funds after the rally pushed canola prices far above C$900 per tonne.

"I don't think the big specs are doing anything yet," the trader said, but suggested there will likely be a lot of movement next week.

Also weighing on values was weakness in Chicago soyoil, Malaysian palm oil and European rapeseed.

The Canadian dollar was down with the loonie at 80.79 U.S. cents compared to Thursday's close of 80.97.

About 15,400 canola contracts were traded as of 11:46 ET.

Prices in Canadian dollars per metric tonne at 11:46 ET:

   Price Change 
   Canola 
 
Nov 924.10 dn 13.30 
Jan 918.10 dn 9.30 
Mar 902.50 dn 9.80 
May 876.10 dn 10.80 
 
 

(END) Dow Jones Newswires

10-22-21 1212ET

Latest news "Commodities"
05:47pCanada's Trans Mountain Still Days Away From Restarting The Pipeline At Reduced Capacity - Statement
RE
05:47pCanada's trans mountain says work was interrupted at some sites on sunday november 28, 2021 due to high water or lack of access
RE
05:47pCanada's trans mountain says after initial start-up, a sustained effort will continue to return system to its full capacity as soon as possible
RE
05:47pCanada's trans mountain says still days away from restarting the pipeline at a reduced capacity - statement
RE
05:47pCanadian province extends fuel restrictions on motorists following flooding
RE
05:46pCanada's trans mountain continues with reinforcement of berms and improvements to ground access; weather continues to impact progress towards restart
RE
04:58pMondelez Adds Former U.N. Ambassador for Food and Agriculture Cousin to Board
DJ
04:30pEnergy Edges Up As Traders Hedge On Omicron Demand Impact -- Energy Roundup
DJ
04:24pInvestors cling to hope as Omicron spreads, shares rebound
RE
04:08pFront Month Nymex Crude Rose 2.64% to Settle at $69.95 -- Data Talk
DJ
Latest news "Commodities"