By Dave Sims, Commodity News Service Canada
WINNIPEG, June 27 – Canola contracts on the ICE Futures Canada platform were stronger Tuesday morning as the market corrected itself in the wake of recent losses.
Gains in the US soy complex were supportive for canola while tightness in Canadian canola stocks underpinned prices.
Excess moisture in parts of Western Canada kept a weather premium in the market.
Advances in European rapeseed futures were supportive for canola.
However, gains in the Canadian dollar, relative to its US counterpart, were bearish for canola as they made it less attractive to international buyers.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:56 CDT:
