By Dave Sims, Commodity News Service Canada
WINNIPEG, November 29 – Canola contracts on the ICE Futures Canada platform were lower at 10:35 CST on Tuesday, following losses in the US soy complex and some follow-through selling.
Declines in crude oil and European rapeseed futures were also bearish for values.
The crop in South America looks very good at this point, which was bearish.
However, the Canadian dollar was weaker relative to its US counterpart, which was supportive for canola.
Strength in Malaysian palm oil futures limited the losses.
About 13,000 canola contracts had traded as of 10:35 CST.
Milling wheat, barley and durum were all untraded.
Prices in Canadian dollars per metric ton at 10:35 CST:
