By Dave Sims, Commodity News Service Canada
WINNIPEG, October 30 – Canola contracts on the ICE Futures Canada platform were mostly higher on Monday, taking strength from gains in U.S. soybeans and weakness in the Canadian currency.
The Canadian dollar has fallen below the 78 US cent mark, making canola more attractive to international customers.
Gains in Malaysian palm oil added to the upside.
Parts of Brazil need more rain for soybean development.
On the flip side, hedge pressure was a factor in the market.
Losses in soyoil limited the gains.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:58 CDT:
