By Dave Sims, Commodity News Service Canada
WINNIPEG, March 14 (CNS) – Canola contracts on the ICE Futures Canada platform were bouncing around unchanged Wednesday morning. The market appeared to be consolidating after yesterday’s jump higher.
Advances in Malaysian palm oil and U.S. soymeal helped support prices.
Recent weakness in the Canadian dollar was bullish for the market.
However, losses in U.S. soyoil tempered the gains.
Large world supplies and the spectre of a higher spring carryout weakened prices.
Prices in Canadian dollars per metric ton at 9:05 CDT:
