By Dave Sims, Commodity News Service Canada
WINNIPEG, March 22 (CNS) – Canola contracts on the ICE Futures Canada platform were weaker at midday Wednesday as the market appeared to be consolidating in light trade.
Losses in U.S. soybeans and soyoil dragged down the market.
The Canadian dollar has gained roughly a cent and a half since Monday morning, which weighed on canola.
Technical selling undermined values.
However, slow farmer selling helped limit the losses.
Export activity for canola remains steady.
About 4,500 canola contracts had traded as of 10:35 CDT.
Prices in Canadian dollars per metric ton at 10:35 CDT:
