By Dave Sims, Commodity News Service Canada
WINNIPEG, August 18 – Canola contracts on the ICE Futures Canada platform were mixed Monday morning during quiet trading in sympathy with volatile vegetable oil markets, analysts said.
COBT soyoil, and Malaysian palm oil were both initially lower but then rallied higher which supported values.
Soybeans were generally lower which was bearish.
European rapeseed futures were slightly higher which supported values.
Concerns over dryness in the Prairies and sluggish farmer selling were supportive as well.
About 350 canola contracts had traded as of 8:35 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:35 CDT:
