By Jade Markus, Commodity News Service Canada
WINNIPEG, October 21 – ICE Canada canola contracts were mixed, but mostly higher in early activity.
The market was underpinned by losses in the Canadian dollar against its US counterpart Friday morning.
A weaker loonie makes canola more appealing to international buyers.
A stronger technical bias added to the advances.
However, weakness in the Chicago Board of Trade soy oil market limited advances.
Ideas that harvest weather in Western Canada will improve into the weekend also capped gains.
About 8,897 canola contracts had traded as of 8:41 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:41 CDT:
