By Dave Sims, Commodity News Service Canada
WINNIPEG, December 14 – Canola contracts on the ICE Futures Canada platform were lower on Thursday, dragged down by losses in the vegetable oil market.
Weakness in U.S. soybeans contributed to the downside.
The dominant January contract continues to hang below the psychologically-important C$500 per tonne mark.
Rain is expected to fall on dry regions of Argentina in the coming days, which was bearish.
End-users were out looking for bargains, according to a report.
Prices in Canadian dollars per metric ton at 8:55 CST: