By Dave Sims, Commodity News Service Canada
WINNIPEG, April 6 (CNS) – Canola contracts on the ICE Futures Canada platform were lower on Friday, pressured by strength in the Canadian dollar.
Losses in U.S. soybeans and soyoil added to the downside.
There are ideas the U.S. could announce additional tariffs against China, which was throwing more uncertainty into the market.
Canola is starting to look somewhat pricey relative to U.S. soybeans.
However, recent sales of canola to China helped offset some of the losses.
Gains in Malaysian palm oil were supportive for canola.
Prices in Canadian dollars per metric ton at 9:00 CDT:
