By Jade Markus, Commodity News Service Canada
WINNIPEG, February 12 – ICE Canada canola contracts were mostly weaker at midday on Friday, pressured by a stronger Canadian dollar and weakness in Chicago Board of Trade soybeans.
Gains in soy oil limited some losses on Friday, but overall trade was lackluster.
“Pretty slow, pretty slow. The lead months for guys like me has now switched to May,” said one Winnipeg-based trader.
Volumes were higher in the May contract at midday, and they will continue to gain, the trader said.
“But there’s not a whole lot happening here. Canola is very thin and jerky.”
Malaysian palm oil closed stronger.
About 14,761 canola contracts had traded as of 10:52 CST.
Milling wheat, durum, and barley futures were all untraded and
unchanged.
Prices in Canadian dollars per metric tonne at 10:52 CST:
