By Jade Markus, Commodity News Service Canada
WINNIPEG, October 5 – ICE Canada canola contracts were mixed in choppy trade on Wednesday.
Unfavourable weather in parts of Western Canada is keeping support in the market, analysts say.
Forecasts for snowfall western and central Saskatchewan is supportive, as it limits harvest progress, and could cause quality issues.
However, losses in the Chicago Board of Trade soybean and soy oil markets limited upside potential.
Market watchers expect a large upcoming US oilseed crop, which pressured prices.
Concerns about demand from China added to the downside on Wednesday.
About 5,755 contracts had traded as of 10:22 CDT.
Milling wheat, durum and barley futures were all untraded and unchanged.
