By Dave Sims, Commodity News Service Canada
WINNIPEG, September 24 – Canola contracts on the ICE Futures Canada platform were slightly higher on choppy trading Wednesday morning, following soybeans.
The Canadian dollar was down four tenths of a cent against its American counterpart, which was supportive.
Forecasts continue to call for warm temperatures across much of Western Canada with the exception of Alberta which is expected to turn cooler.
European rapeseed and palm oil were both firmer which supported values.
There are ideas the current crop is slightly bigger than the most recent StatsCan estimate of 13.9 million metric tonnes, an analyst said.
About 1,800 canola contracts had traded as of 8:40 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:40 CDT:
