By Dave Sims, Commodity News Service Canada
WINNIPEG, August 17 – Canola contracts on the ICE Futures Canada platform were higher Thursday morning, tracking gains in the US soy complex.
Advances in Malaysian palm oil were supportive for canola prices.
Farmer selling is sluggish but there ideas it could pick up in the coming weeks.
Crops in Western Canada could do with more rain.
However, recent strength in the Canadian dollar has been bearish for the market.
Expectations of a massive soybean crop in the US weighed on values.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 9:00 CDT:
