By Dave Sims, Commodity News Service Canada
WINNIPEG, April 18 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Wednesday morning, taking strength from gains in the U.S. soy complex.
Demand for canola remains firm.
The decline of Argentina’s soybean crop and the potential for delayed seeding on the Canadian Prairies was supportive for prices.
However, the technicals are pointed lower for canola, setting the stage for a potential fall.
Canola is looking somewhat pricey relative to other oilseeds.
Prices in Canadian dollars per metric ton at 8:57 CDT:
