By Dave Sims, Commodity News Service Canada
WINNIPEG, Sept. 5 (CNS) – Contracts on the ICE Futures canola platform were barely higher in technical trading Wednesday.
Recent weakness in the value of the Canadian dollar lent support to prices.
Yields look extremely mixed at this point, with heat damage reported in the southern Prairies, while things appear better in the north.
Advances in European rapeseed futures and Malaysian palm oil were also supportive.
The Chicago Board of Trade soy complex was weaker, which dragged on values.
Expectations of a massive soybean crop in the United States also cast a chill over futures.
Prices in Canadian dollars per metric ton at 9:05 CDT: