By Phil Franz-Warkentin, Commodity News Service Canada
WINNIPEG, April 5 (CNS Canada) – ICE Futures Canada canola contracts were mixed at midday Thursday, with gains in the front months and losses in the more deferred positions.
Advances in the Chicago Board of Trade soy complex provided some support, although activity was thin and choppy in canola as the Canadian oilseed already moved higher on Wednesday when soybeans were down.
The threat of a trade war between China and the United States continued to overhang the grains and oilseeds, with canola traders still trying to get a handle on what possible tariffs on U.S. soybeans would mean for Canadian exports.
Large old crop supplies and expectations for increased acres this spring did put some pressure on canola values. The Canadian dollar was also a bit firmer on the day.
About 10,000 canola contracts had traded as of 10:55 CDT.
