By Dave Sims, Commodity News Service Canada
WINNIPEG, May 15 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, as weakness in the value of the Canadian dollar, relative to its U.S. counterpart, made the commodity more lucrative to international buyers.
Dry conditions in parts of Western Canada underpinned the market.
Farmer selling was slow while demand for canola remained steady.
However, losses in the U.S. soy complex limited the declines.
The July contract may be feeling some technical resistance.
Prices in Canadian dollars per metric ton at 9:00 CDT:
