By Dave Sims, Commodity News Service Canada
WINNIPEG, February 2 – Canola contracts on the ICE Futures Canada platform were slightly lower Thursday morning, due to action in the Canadian currency.
The Canadian dollar was stronger relative to its US counterpart, which made canola less attractive to foreign buyers.
Weather-related problems in South American soybean fields have mostly subsided due to better weather as of late, which was bearish.
Slight losses in US soyoil added to the defensive tone.
However, gains in Malaysian palm oil and European rapeseed futures limited the losses.
Global demand for oilseeds remains strong.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:55 CST:
