By Dave Sims, Commodity News Service Canada
WINNIPEG, January 31 – Canola contracts on the ICE Futures Canada platform were lower Monday morning, in sympathy with Malaysian palm oil and European rapeseed futures.
The Canadian dollar was half a cent stronger relative to its US counterpart, which made canola less attractive on the international market.
Weather concerns in South America have largely subsided.
The technical bias is pointed lower.
Losses in vegetable oil added to the downside.
However, gains in soyoil were supportive for canola.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:53 CST:
