By Dave Sims, Commodity News Service Canada
WINNIPEG, June 5 – Canola contracts on the ICE Futures Canada platform were higher in speculative trading Monday morning.
Slight gains in Chicago Board of Trade soybeans contributed to the advances.
There are ideas the market is oversold.
Tight canola stocks and planting delays in key regions of the Prairies were supportive.
However, losses in Malaysian palm oil were bearish for values.
Demand from exporters and domestic crushers is slowing as spring ends and summer begins, said an analyst.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:58 CDT:
