By Dave Sims, Commodity News Service Canada
WINNIPEG, October 19 – Canola contracts on the ICE Futures Canada platform were slightly lower, in chart-based trading.
Improving weather conditions in Western Canada and losses in Malaysian palm oil weighed on the market.
The November contract is under technical resistance.
The U.S. soybean harvest is beginning to ramp up, which was bearish.
However, strength in the U.S. soy complex boosted values.
Demand is coming from domestic crushers and exporters, according to an analyst in Winnipeg.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 9:00 CDT:
