By Jade Markus, Commodity News Service Canada
WINNIPEG, April 11 – ICE Canada canola contracts were mixed in early activity on Tuesday.
Front contracts were holding mostly steady as supplies of canola are expected to be tight ahead of the growing season.
Chart-based support was also a feature, which limited the market’s downside.
However, far contracts felt pressure, as Canadian farmers are expected to seed a large amount of canola this year.
A generally stronger Canadian dollar also weighed on values, as it has the potential to cut into export demand.
About 5,070 canola contracts had traded as of 8:42 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:42 CDT:
