By Dave Sims, Commodity News Service Canada
WINNIPEG, June 16 – Canola contracts on the ICE Futures Canada platform were stronger at 10:35 CDT on Friday, taking support from gains in vegetable oil.
Old crop supplies of canola are tight while export demand is strong.
Traders were adjusting positions before the weekend.
“The bulk of the July trade is now in spreads,” a Winnipeg trader added.
However, declines in Chicago Board of Trade soybeans and firmness in the Canadian dollar weighed on values.
Farmer selling also undermined prices.
About 9,000 canola contracts had traded as of 10:35 CDT.
Milling wheat, barley and durum were all untraded.
Prices in Canadian dollars per metric ton at 10:35 CDT:
