By Dave Sims, Commodity News Service Canada
WINNIPEG, January 30 (CNS) – Canola contracts on the ICE Futures Canada platform were bouncing around unchanged Tuesday morning, feeling some weakness from losses in vegetable oil markets.
Speculative selling was a feature of the morning’s activity.
The Canadian dollar continues to hover above the 81 U.S. cent mark, which was bearish.
Large global supplies of soybeans undermined prices.
However, gains in U.S. soybeans were supportive for the market.
Demand for canola remains strong.
Prices in Canadian dollars per metric ton at 9:03 CST:
