By Dave Sims, Commodity News Service Canada
WINNIPEG, December 28 – Canola contracts on the ICE Futures Canada platform were weaker Thursday morning, weighed down by action in the Canadian currency.
The Canadian dollar was about a third of a cent higher against its United States counterpart, which made canola less attractive to international buyers.
Losses in the U.S. soy complex were bearish for the market.
Traders were already starting to position themselves ahead of the long weekend.
However, cold weather across the Prairies has brought farmer deliveries to a virtual halt.
There are indications more dry weather is on the way for parts of Argentina and Brazil.
Prices in Canadian dollars per metric ton at 8:55 CST:
