By Jade Markus, Commodity News Service Canada
WINNIPEG, April 15 – ICE Canada canola contracts were weaker
in early activity on Friday, pressured by losses in Chicago Board
of Trade soybeans and soy oil.
Soybeans and soy oil were lower in early activity, as high global
supplies pressured the market.
Canola’s technical bias is moving to the downside, market
watchers say.
Malaysian palm oil closed mixed.
However, losses in the Canadian dollar against its US
counterpart provided some underlying support to the market.
Traders are continuing to work a weather premium into the
market, which also limited losses.
About 1,356 canola contracts had traded as of 8:26 CDT.
Milling wheat, durum, and barley futures were all untraded and
unchanged.
Prices in Canadian dollars per metric ton at 8:26 CDT:
