By Dave Sims, Commodity News Service Canada
WINNIPEG, April 19 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Thursday morning with speculative buying.
Demand for canola exports out of the West Coast remained firm, possibly a sign of increased buying from China.
Temperatures across the Prairies are starting to warm up but there is still the chance for delayed seeding in many areas.
However, Canadian canola acreage is expected to hit a record 24 million acres or more, which weighed on values. Statistics Canada releases their acreage estimates on April 27.
Losses in Chicago soybeans were bearish.
Prices in Canadian dollars per metric ton at 8:53 CDT:
