By Dave Sims, Commodity News Service Canada
WINNIPEG, January 3 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Wednesday morning, tracking gains in vegetable oil.
Advances in U.S. soybeans and slow farmer selling were also supportive for canola.
More dry weather in Argentina is expected to stress soybean fields there, which propped up values.
The most-active March contract received some technical support.
However, ending stocks of canola in Canada are expected to be higher than previously thought, which undermined values.
The technical bias is pointed lower.
Prices in Canadian dollars per metric ton at 8:57 CST:
