(Resource News International) — Winnipeg Commodity Exchange grain and oilseed futures closed Monday’s session mixed with canola lifted by the firm tone in Chicago
Board of Trade soy complex futures, brokers said.
Canola saw an active trade with the majority of the volume comprised of
intermonth spreading. Commercials dominated the activity as they rolled their November contracts into January futures ahead of the end of the month. Commodity funds were also noted doing some light spread volume as well.
The total canola volume was estimated at 14,042 contracts, down from Friday’s
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the spread trade.
Canola futures rallied in the wake of strength in CBOT soy complex futures with
gains in overnight vegetable oil markets and a soft tone in the Canadian dollar also supportive, traders said. Friendly technical signals prompted some speculative buying.
Limiting the gains was the continued sluggish pace to export demand.
Routine exporter buying was augmented by speculative commission house buying
and crusher pricing. The selling was mostly commercial with elevator company scale-up selling evident.
Western barley futures ended mixed with the oevrall tone firm in moderate trade as intermonth spreading enhanced volumes. The firm tone in CBOT corn gave support, but the gains were partially offset by a lack of end-user demand and bearish technical signals.
Commercials dominated the activity, brokers said. The total barley volume was estimated at 1,540 contracts, up from Friday’s 289 contracts.
Feed wheat was untraded and unchanged amid a lack of interest.
