By Jade Markus, Commodity News Service Canada
WINNIPEG, December 16 – ICE Canada canola contracts were mixed, but mostly unchanged, at midday on Friday.
“Canola is still kind of just wiggling around. It doesn’t have anywhere to go. It’s just getting pushed around by the soy markets and the currency,” said one Winnipeg-based trader.
The Chicago Board of Trade soy complex advanced at midday, which underpinned canola.
Weakness in the Canadian dollar was another bullish feature.
However, overnight losses in the Malaysian palm oil market limited canola’s upside on Friday.
“It’s showing signs of not really going anywhere fast,” the trader said.
Commodity markets are moving into choppy holiday trade as volumes start to taper off, he added.
About 19,844 contracts had traded as of 10:35 CST.
Milling wheat, durum and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric tonne at 10:35 CST:
