By Dave Sims, Commodity News Service Canada
WINNIPEG, August 10 – Canola contracts on the ICE Futures Canada platform were stronger Thursday morning, taking strength from gains in vegetable oil.
Investors are waiting for the release of the USDA’s monthly supply and demand report. That report is due to come out at 11:00 CDT.
Advances in soybeans helped to prop up values.
Questions over rationing are starting to crop up in the trade as everyone wonders how much canola is left in the system and what the size of this year’s crop will be.
However, milder weather across Western Canada weighed on prices.
Steady soybean exports from South America were bearish.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 9:00 CDT:
