By Dave Sims, Commodity News Service Canada
WINNIPEG, January 18 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Thursday morning, tracking gains in U.S. soybeans.
The Canadian dollar was slightly weaker this morning, which lent some mild support to canola.
Forecasts indicate more dry weather is on the way in Argentina, which underpinned values.
However, losses in vegetable oil markets were bearish.
The European Union has voted to limit palm oil in the use of bio-diesel, which threw some uncertainty into the oilseeds market.
