By Dave Sims, Commodity News Service Canada
WINNIPEG, January 17 – Canola contracts on the ICE Futures Canada platform were stronger at 10:40 CST on Tuesday, in sympathy with the US soy complex.
Weather concerns in parts of South America, primarily Argentina, were supportive for canola.
Gains in vegetable oil underpinned the market.
The short-term technical bias is pointing higher, according to a report.
However, strength in the Canadian dollar made canola less attractive to out-of-country buyers.
About 15,000 canola contracts had traded as of 10:40 CST.
Milling wheat, barley and durum were all untraded.
Prices in Canadian dollars per metric ton at 10:40 CST:
