By Brandon Logan, Commodity News Service Canada
WINNIPEG, Jan. 24 – Canola contracts on the ICE Futures
Canada platform were weaker at 10:38 CST Friday, amid light
trading ahead of the weekend, participants said.
Losses seen in CBOT soyoil were bearish for canola, as were
continued logistical concerns about moving Canada’s record large
canola crop out of the Prairies, traders said.
Gains seen in the value of the Canadian dollar on Friday
morning were also pressuring the market.
However, ideas that canola is oversold and cheap in
comparison to other oilseeds limited any further losses.
About 9,100 canola contracts had traded as of 10:38 CST.
Milling wheat, durum, and barley futures were all untraded
and unchanged after seeing some price revisions following
Thursday’s close.
Prices in Canadian dollars per metric ton at 10:38 CST:
