By Dave Sims, Commodity News Service Canada
WINNIPEG–Canola contracts on the ICE Futures Canada platform were lower Friday morning, in sympathy with US soybeans.
Values also received pressure from soyoil, Malaysian palm oil and European rapeseed futures.
Traders were consolidating their positions ahead of the weekend.
However, the Canadian dollar was lower, which boosts crush margins and makes canola more attractive on the international market.
A weather premium continues to exist due to uncertainty over the South American soy crop, which helped to limit the losses.
About 5,500 canola contracts had traded as of 8:35 CDT.
Milling wheat, barley and durum were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:35 CDT:
