By Dave Sims, Commodity News Service Canada
WINNIPEG, February 22 (CNS) – Canola contracts on the ICE Futures Canada platform were higher on Thursday in speculative trading.
Parched soil conditions in Argentina and expectations for continued dry weather supported the market.
The USDA has imposed new import duties on biodiesel from Argentina. A final ruling on the measure is expected on April 6.
Slight gains in U.S. soybeans were supportive for canola.
However, losses in U.S. soyoil undermined futures.
Farmer selling has been steady.
About 11,000 canola contracts had traded as of 10:45 CST.
Prices in Canadian dollars per metric ton at 10:45 CST:
