By Dave Sims, Commodity News Service Canada
WINNIPEG, November 27 – Canola contracts on the ICE Futures Canada platform were lower in follow-through selling on Monday.
Weakness in the vegetable oil market was bearish for values.
Commercial buying is somewhat lacklustre right now as evidenced by the weak January/March futures spread, an analyst noted.
Improving weather conditions in Brazil undermined futures.
However, dry conditions in Argentina were supportive for the market.
Global demand for oilseeds remains strong.
Prices in Canadian dollars per metric ton at 9:00 CST:
