By Dave Sims, Commodity News Service Canada
WINNIPEG, July 31 (CNS) – Canola contracts on the ICE Futures Canada platform were mostly lower at 10:35 CDT on Monday, tracking losses in US soybeans.
Rainfall in the US Plains has alleviated some of the heat stress on soybeans, which was bearish.
Recent strength in the Canadian dollar weighed on values.
Steady soybean exports from South America undermined prices.
However, most of the Prairies are still experiencing hot, dry weather which supported the market.
The Canadian dollar was about a fifth of a cent weaker relative to its US counterpart, which made canola more attractive to international buyers.
About 5,000 canola contracts had traded as of 10:35 CDT.
Milling wheat, barley and durum were all untraded.
Prices in Canadian dollars per metric ton at 10:35 CDT:
