By Dave Sims, Commodity News Service Canada
WINNIPEG, September 8 – Canola contracts on the ICE Futures Canada platform were weaker Friday morning, in follow-through selling.
The European Union has decided to reduce tariffs on imports of Argentine bio-diesel, which was bearish for canola.
Harvest pressure and recent strength in the Canadian dollar weighed down prices.
Large supplies of US soybeans are beginning to hit the market, which dragged on values.
However, gains in US soybeans limited the losses.
Demand for global oilseeds remains strong.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:55 CDT:
