By Jade Markus, Commodity News Service Canada
WINNIPEG, October 18 – ICE Canada canola contracts were slightly higher in choppy trade on Tuesday.
Losses in the Chicago Board of Trade soybean and soy oil markets pressured canola prices.
A stronger Canadian dollar added to the downside.
However, wet and cold weather is delaying the canola harvest in Western Canada, which limited losses.
Market watchers say canola’s technical bias is to the upside, which added underlying support.
About 5,761 canola contracts had traded as of 8:39 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:39 CDT:
