By Dave Sims, Commodity News Service Canada
WINNIPEG, February 15 (CNS) – Canola contracts on the ICE Futures Canada platform were lower Thursday morning due to technical selling.
Losses in U.S. soyoil were bearish for prices.
A trade dispute between China and the U.S has seen some recent shipments of American soybeans refused by the Asian country. At this point the impasse seems to be weighing on oilseeds in general.
However, gains in U.S. soybeans and soymeal were supportive for canola.
Dry conditions in Argentina continue to provide underlying strength to canola.
Prices in Canadian dollars per metric ton at 9:07 CST:
