By Dave Sims, Commodity News Service Canada
WINNIPEG, May 17 – Canola contracts on the ICE Futures Canada platform were mostly higher Wednesday morning, following gains in the US soy complex.
Advances in vegetable oil lent support to values.
Slow farmer selling and the sluggish pace of canola planting underpinned the market.
However, steady exports of soybeans from South America were bearish for values.
Large oilseed acreage in North America cast a bearish tint on the market.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:55 CDT:
Price Change
Canola Jul 525.40 up 0.30
Nov 506.20 up 0.10
Jan 511.60 up 0.30
Milling Wheat Jul 236.00 unch
Oct 237.00 unch
Durum Jul 274.00 unch
Oct 269.00 unch
Barley Jul 138.00 unch
Oct 140.00 unch
