| By Phil Franz-Warkentin, Commodity News Service Canada |
| Oct. 30, 2012 |
| Winnipeg – ICE Canada canola futures were narrowly mixed Tuesday morning, lacking any clear direction in thin volumes. A firmer tone in the CBOT soy complex was lending some spillover support to canola, according to participants. However, canola held up reasonably well on Monday, when soybeans dropped lower, and the Canadian market did not have as much room to the upside as a result. Read AlsoCanadian Financial Close: Loonie gives up tenth of a centBy Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back on Monday, positioning ahead of Wednesday’s… Expectations for a large South American soybean crop were overhanging the oilseed markets, although there is still a long growing season ahead in the region and traders were keeping some weather premiums in the futures. US financial markets in New York remain closed for the second day in a row due to Hurricane Sandy. As a result, trade in the agricultural commodities was expected to be choppy on Tuesday. About 1,250 canola contracts had traded as of 8:42 CDT. Milling wheat, durum, and barley futures were all untraded and unchanged Tuesday morning. Prices in Canadian dollars per metric ton at 8:42 CDT: |
