By Dave Sims, Commodity News Service Canada
WINNIPEG, February 23 (CNS) – Canola contracts on the ICE Futures Canada platform were slightly higher on Friday, taking strength from gains in vegetable oil markets.
Technical buying was a feature of the day.
Excess rain in Brazil and dry soil conditions in Argentina lent support to values.
Slight advances in U.S. soybeans helped prop up prices.
However, rising estimates for soybean crops in Brazil and the U.S. limited the gains.
Canola exports are sluggish.
About 8,000 canola contracts had traded as of 10:35 CST.
Prices in Canadian dollars per metric ton at 10:35 CST:
