By Dave Sims, Commodity News Service Canada
WINNIPEG, March 16 (CNS) – Canola contracts on the ICE Futures Canada platform were narrowly mixed on Friday, with the July contract pressured by losses in U.S. soyoil while the more deferred values were propped up by a lower Canadian dollar.
Concerns over dryness problems in Argentina are fading and attention is shifting to the oilseed outlook in North America.
Expectations that this year’s carryout will be two million tonnes or more weighed on traders’ appetite for risky bets.
Advances in soymeal helped bolster prices.
Crush margins have been improving as of late, which helped underpin prices.
Prices in Canadian dollars per metric ton at 8:57 CDT:
