By Phil Franz-Warkentin, Commodity News Service Canada
WINNIPEG, Sep. 28 (CNS Canada) – ICE Futures canola contracts were mixed at midday Friday as traders squared positions ahead of the weekend.
The United States Department of Agriculture releases quarterly stocks data at 11:00 CDT which could provide some nearby direction for the futures if there are any surprises in the numbers, according to participants.
Gains in Chicago Board of Trade soybeans provided some spillover support. Persistent concerns over cool and wet conditions delaying harvest operations across the Canadian Prairies were also supportive.
However, strength in the Canadian dollar put some pressure on canola, with the currency up sharply relative to its U.S. counterpart.
About 18,500 canola contracts traded as of 10:26 CDT.
