By Dave Sims, Commodity News Service Canada
WINNIPEG, February 27 (CNS) – Canola contracts on the ICE Futures Canada platform were weaker Tuesday morning, in sympathy with U.S. soyoil.
The estimated size of the soybean crop in Brazil continues to rise, which was bearish for prices.
Technical selling was a feature of the session in the early-going.
However, losses in the Canadian dollar, relative to its U.S. counterpart, were supportive for canola.
Strength in U.S. soybeans limited the losses.
Prices in Canadian dollars per metric ton at 9:00 CST:
