By Dave Sims, Commodity News Service Canada
WINNIPEG, December 18 – Canola contracts on the ICE Futures Canada platform were lower in technical trading on Monday.
The front-month January contract slipped below chart support shortly after markets opened.
Weakness in United States soybeans and Malaysian palm oil futures dragged on values.
The technical bias is pointed lower.
However, gains in U.S. soyoil limited the losses.
Dry conditions in Argentina continued to offer mild support to the market.
Prices in Canadian dollars per metric ton at 8:57 CST: