By Jade Markus, Commodity News Service Canada
WINNIPEG, October 20 – ICE Canada canola contracts were mostly higher in early activity on Thursday.
Spillover support from Chicago Board of Trade soybeans and a positive technical bias propped up the market in early activity.
Weakness in the Canadian dollar was another bullish feature.
However, losses in US soy oil markets added pressure to canola.
Ideas that favourable weather will lend itself to harvest progress in Western Canada also limited gains.
About 8,503 canola contracts had traded as of 8:45 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
