By Dave Sims, Commodity News Service Canada
WINNIPEG, September 5 – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, following gains in Chicago Board of Trade soybeans.
Advances in Malaysian palm oil futures were also supportive for canola.
Concerns over tight commercial supplies of canola as well as the effects of this summer’s heat-stress on the crop also propped up prices.
However, losses in soyoil dragged on values.
The Canadian dollar was higher, relative to its US counterpart, which made canola less attractive to foreign buyers.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 9:00 CDT:
