By Terryn Shiells, Commodity News Service Canada
Winnipeg, March 14 – Canola contracts on the ICE Futures Canada platform were mixed Friday morning. Activity was quiet and choppy as traders were being cautious ahead of the vote in Crimea this weekend, analysts said.
Chicago soybean and soyoil futures were also mixed, and canola was taking some direction from those markets.
Steady commercial demand, easing concerns about logistics problems in Western Canada and weakness in the Canadian dollar were supportive for canola.
On the other side, a recent pickup in farmer selling and spillover pressure from the losses seen in Malaysian palm oil and European rapeseed futures were bearish.
As of 8:38 CDT Friday, about 1,600 contracts had traded.
Milling wheat, durum and barley futures were untraded following price revisions to wheat after the close on Thursday.
Prices in Canadian dollars per metric ton at 8:38 CDT:
