By Jade Markus, Commodity News Service Canada
WINNIPEG, February 18 – ICE Canada canola contracts were mostly weaker at midday on Thursday, tracking losses in Chicago Board of Trade soybeans and soy oil.
“The beans don’t seem like they want to go anywhere, though the trend is down,” said one Winnipeg-based trader.
He added that canola’s trade was sluggish on Thursday, as volumes switched over to the May contract.
“Spread-wise, not much, there’s really not much,” he said.
The Canadian dollar was choppy on Thursday, moving weaker at midday—which limited losses in canola—after seeing some slight strength against its US counterpart in early activity.
Malaysian palm oil closed stronger.
About 13,586 canola contracts had traded as of 10:20 CST.
Milling wheat, durum, and barley futures were all untraded and
unchanged.
Prices in Canadian dollars per metric tonne at 10:20 CST:
