By Phil Franz-Warkentin, Commodity News Service Canada
April 10, 2015
Winnipeg – Canola contracts on the ICE Futures Canada platform were narrowly mixed in quiet, two-sided trade at midday Friday, with gains in the nearby old crop months and a softer tone in the more deferred positions.
Canola was seeing some independent strength relative to CBOT soybeans, which a broker linked to spec traders moving money back and forth between the two commodities.
Routine commercial demand and a lack of significant farmer selling helped underpin the old crop canola contracts as well, according to participants.
On the other side, losses in CBOT soybeans and soyoil did put some spillover pressure on canola.
About 12,000 canola contracts had traded as of 10:48 CDT.
Milling wheat, durum and barley were all untraded.
Prices in Canadian dollars per metric ton at 10:48 CDT:
