By Dave Sims, Commodity News Service Canada
WINNIPEG, October 6 – Canola contracts on the ICE Futures Canada platform were slightly higher Friday morning, taking strength from exporter and crusher demand.
Recent weakness in the Canadian dollar has made canola more attractive on the international market.
The technical bias is pointing higher.
Gains in Malaysian palm oil and European rapeseed futures helped prop up values.
However, weakness in the US soy complex was bearish for the market.
Weather conditions across Western Canada have improved significantly and harvesting has started up again.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 8:55 CDT: