By Dave Sims, Commodity News Service Canada
WINNIPEG, October 3 – Canola contracts on the ICE Futures Canada platform were mixed Tuesday morning, chopping around in directionless trade.
Gains in Malaysian palm oil were supportive for the front-month contract.
Wet and cold weather across the Prairies underpinned the market.
The Canadian continues to dwell below the 80 US cent mark, which makes canola more attractive to domestic crushes and foreign buyers.
However, losses in the US soy complex were bearish for futures.
Canola has become somewhat expensive relative to other oilseeds.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:50 CDT: