By Dave Sims, Commodity News Service Canada
WINNIPEG, September 7 (CNS) – Contracts on the ICE Futures canola platform were lower Friday morning, weighed down by losses in Chicago Board of Trade soyoil.
The technical bias appears pointed lower.
Harvest pressure and ideas the soybean crop in the United States could be record large, pressured the market.
However, cold temperatures in parts of the Prairies are raising concerns over possible frost damage.
Recent weakness in the value of the Canadian dollar underpinned prices.
Prices in Canadian dollars per metric ton at 9:00 CDT:
