By Dave Sims, Commodity News Service Canada
WINNIPEG, December 27 – Canola contracts on the ICE Futures Canada platform were stronger Wednesday morning, catching up to gains in the United States soy complex. Canadian markets reopened today, one day after their American counterparts.
Vegetable oil markets were higher, which helped prop up canola prices.
Global demand for oilseeds remains strong.
However, gains in the Canadian dollar made canola less attractive on the international market.
Both front-month contracts were feeling technical resistance at the C$500 per tonne mark.
Prices in Canadian dollars per metric ton at 8:55 CST:
