By Dave Sims, Commodity News Service Canada
WINNIPEG, May 28 (CNS) – Canola contracts on the ICE Futures Canada platform were trending lower Monday morning, weighed down by losses in vegetable oil.
As cash bids for canola near the C$12 per bushel mark, farmer deliveries have increased, which dragged on values.
The technical bias is pointed lower.
The soybean crop in the United States is off to a good start, which was bearish.
U.S. markets are closed for Memorial Day.
Prices in Canadian dollars per metric ton at 9:05 CDT:
