By Dave Sims, Commodity News Service Canada
WINNIPEG, September 20 – Canola contracts on the ICE Futures Canada platform were slightly higher Wednesday morning, due to speculative buying.
Gains in US soybeans and Malaysian palm oil were supportive for canola.
The technical bias is pointed higher.
Wet and cold weather in parts of Western Canada has been disruptive for the harvest.
However, strength in the Canadian dollar was bearish for futures as it made the commodity less appealing to international buyers.
Losses in Chicago Board of Trade soyoil limited the gains.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:58 CDT:
