By Jade Markus, Commodity News Service Canada
WINNIPEG, March 2 – ICE Canada canola contracts were weaker in early activity on Thursday.
The market declined in corrective trade after sharp advances in previous sessions. Traders may continue to take profits throughout the day.
Weakness in the US soy complex added spill-over pressure to canola.
Chicago Board of Trade soybeans, soymeal and soyoil fell Thursday morning as heavy supplies emerge from Brazil.
Weakness in the Canadian dollar limited the market’s downside.
About 6,585 canola contracts had traded as of 8:57 CST.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:57 CST:
