By Dave Sims, Commodity News Service Canada
WINNIPEG, May 14 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Monday morning, tracking gains in the Chicago Board of Trade soy complex.
Concerns over excess dryness in parts of Western Canada and slow farmer selling underpinned the futures.
The July contract was enjoying some technical support at the C$530 per tonne level.
There are ideas that China is showing increased interest in canola due to its on-going trade dispute with the United States.
However, strength in the Canadian dollar, relative to its U.S. counterpart, weighed on values.
Prices in Canadian dollars per metric ton at 9:00 CDT:
