By Phil Franz-Warkentin, Commodity News Service Canada
WINNIPEG, Dec. 24 (CNS Canada) – ICE Futures canola contracts were trading to both sides of unchanged Monday morning in thin and choppy activity, as participants squared positions ahead of the Christmas holiday.
The canola market closes early on Monday, and will remain closed through Christmas and Boxing Day.
The Chicago Board of Trade soybean complex was also bouncing around in narrow range bound trade Monday morning, providing little direction for canola.
The Canadian dollar was holding steady, but remained somewhat supportive for canola after posting large losses last week.
About 5,000 canola contracts had traded as of 9:02 CST, with intermonth spreading a feature.
