By Dave Sims, Commodity News Service Canada
WINNIPEG, January 16 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, taking strength from gains in U.S. soybeans.
Markets re-opened in the U.S. after being closed yesterday for the Martin Luther King Jr. Holiday.
Cold weather on the Prairies has discouraged farmer selling, however milder temperatures are slowly starting to move in.
Weakness in vegetable oil markets pressured canola.
Recent strength in the Canadian dollar undermined the futures.
Prices in Canadian dollars per metric ton at 9:00 CST:
