ICE Canola Rises as Canadian Dollar Falls

By Dave Sims, Commodity News Service Canada

WINNIPEG, March 15 (CNS) – Canola contracts on the ICE Futures
Canada platform were trending higher on Thursday, taking strength
from a lower Canadian currency.

Gains in the U.S. soy complex were supportive for the market.

Speculative buying was a feature of the morning activity and
crush margins have been on the rise.

However, recent rains in Argentina are expected to help some
of the later-planted soybean fields down there.

Large world supplies and expectations of another big crop this
year weighed on values.

Prices in Canadian dollars per metric ton at 9:03 CDT:

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