By Jade Markus, Commodity News Service Canada
WINNIPEG, January 14 – ICE Canada canola contracts were unchanged to lower at midday Thursday as strength in Chicago Board of Trade soy oil was tempered by gains in the Canadian dollar.
“Well we’re hanging in here pretty good, all things considered,” said one Winnipeg-based trader.
Strength in CBOT soy oil limited losses on Thursday, but a choppy Canadian dollar added pressure.
“I think lackluster trade is still hanging over the market,” the trader said.
But volumes were higher on Thursday, compared to the rest of the week, and canola is nearing key technical levels, he added.
Malaysian palm oil closed weaker.
About 12,067 canola contracts had traded as of 10:30 CST.
Milling wheat, durum, and barley futures were all untraded and
unchanged.
Prices in Canadian dollars per metric tonne at 10:30 CST:
