By Dave Sims, Commodity News Service Canada
WINNIPEG, January 15 (CNS) – Canola contracts on the ICE Futures Canada platform were mixed Monday morning, as traders engaged in technical trading.
Volumes were thin as markets in the U.S. are closed for the Martin Luther King Jr. holiday.
Slight gains in the value of the Canadian dollar, relative to its U.S. counterpart, were bearish for canola.
Canola continued to receive some support from Friday’s USDA supply and demand report, which lowered production numbers for the U.S. soy bean crop.
Cold weather in Western Canada is keeping farmer selling to a minimum.
Prices in Canadian dollars per metric ton at 8:59 CST:
