By Dave Sims, Commodity News Service Canada
WINNIPEG, March 2 (CNS) – Canola contracts on the ICE Futures Canada platform were bouncing around unchanged Friday morning in choppy trading.
Weakness in the Canadian dollar was supportive as it made canola more attractive to domestic crushers and foreign buyers.
Dry conditions in Argentina continue to cut into the country’s production outlook.
Trades were positioning themselves ahead of the weekend.
However, losses in United States soybeans undermined prices.
Farmer selling weighed on the market.
Prices in Canadian dollars per metric ton at 8:50 CST:
