By Jade Markus, Commodity News Service Canada
WINNIPEG, April 21 – ICE Canada canola contracts were stronger
Thursday morning, supported by a lower-than-anticipated number from
Statistics Canada.
StatsCan data pegged this year’s seeded acreage at 19.345
million acres, compared with 20.095 million acres last year.
Trade estimates collected by CNS Canada fell between 19.7
million and 21.3 million acres.
Weakness in the Canadian dollar further supported canola
prices, by making the commodity more appealing to foreign buyers.
Malaysian palm oil closed stronger overnight, which was another
supportive feature.
However choppy trading and losses in Chicago Board of Trade soy
oil limited gains on Thursday.
About 8,783 canola contracts had traded as of 8:36 CDT.
Milling wheat, durum, and barley futures were all untraded and
unchanged.
Prices in Canadian dollars per metric ton at 8:36 CDT:
