By Dave Sims, Commodity News Service Canada
WINNIPEG, October 21 – Canola contracts on the ICE Futures Canada platform were mixed at 10:35 CDT on Friday, as harvesting resumed in portions of Western Canada which offset gains in US soy.
“The harvesting is happening mainly in the south, but the canola is coming off very tough, with a high moisture content,” said a trader in Winnipeg.
The Canadian dollar was roughly half a cent lower compared to its US counterpart, which made canola more attractive to foreign buyers.
Losses in Malaysian palm oil and European rapeseed futures dragged on values.
Profit-taking could kick in before the weekend, according to a report.
About 16,000 canola contracts had traded as of 10:35 CDT.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 10:35 CDT:
