By Jade Markus, Commodity News Service Canada
WINNIPEG, July 4 – The ICE Canada canola market was stronger in early activity on Tuesday.
Canola was stronger, following advances paved by Chicago Board of Trade soybeans on Monday, when Canadian markets were closed for Canada Day.
US markets are closed on Tuesday for the Independence Day holiday.
Canola’s technical bias is to the upside, which added some support to values.
The Canadian dollar was stronger against its US counterpart in early activity on Tuesday, which limited some of the market’s strength.
About 6,605 canola contracts had traded as of 8:40 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
