By Dave Sims, Commodity News Service Canada
WINNIPEG, March 16 – Canola contracts on the ICE Futures Canada platform were weaker Thursday morning in follow-through selling.
Slight losses in Chicago Board of Trade soyoil were bearish for values.
Large global supplies of oilseeds, particularly from South America, weighed on values.
Profit-taking was a feature, especially on long canola, short-soybean spreads.
However, gains in CBOT soybeans were supportive for the market.
Advances in Malaysian palm oil and European rapeseed futures helped limit the losses.
Milling wheat, barley and durum were untraded.
Prices in Canadian dollars per metric ton at 9:02 CDT:
