By Dave Sims, Commodity News Service Canada
WINNIPEG, July 27 – Canola contracts on the ICE Futures Canada platform were higher Thursday morning, tracking gains in the US soy complex.
The Canadian dollar was about a quarter of a cent weaker, compared to its US counterpart, which made canola more attractive to domestic crushers and out-of-country buyers.
Gains in vegetable oil markets were supportive for canola.
Stocks of commercial canola are tight and some rationing is underway.
However, a steady flow of soybean exports from South America weighed on values.
Recent rains across Western Canada have helped alleviate the heat stress in some areas.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:55 CDT:
