By Dave Sims, Commodity News Service Canada
WINNIPEG, July 9 (CNS) – Canola contracts on the ICE Futures Canada platform were lower Monday morning, in sympathy with Chicago Board of Trade soybeans.
Recent strength in the value of the Canadian dollar, relative to its U.S. counterpart, weighed on the market.
Oilseed crops in Canada and the U.S. are advancing rapidly, which was bearish for prices.
International trade tensions continue to throw uncertainty into the market.
However, dry conditions continue to stress many areas of Saskatchewan and Alberta, which was bullish for values.
Prices in Canadian dollars per metric ton at 8:55 CDT:
