By Phil Franz-Warkentin, Commodity News Service Canada
WINNIPEG, Feb. 25 (CNS Canada) – ICE Futures canola contracts were posting small losses at midday Monday in choppy activity.
Declines in Chicago Board of Trade soyoil futures and a firmer tone in the Canadian dollar put some pressure on values, according to a trader.
Large Canadian canola supplies and the advancing South American soybean harvest added to the softer tone.
However, CBOT soybeans were a bit firmer at midday as increased optimism on the Chinese trade front provided some support there.
About 19,300 canola contracts traded as of 11:12 CST.
Prices in Canadian dollars per metric tonne at 11:12 CST:
Price Change
Canola Mar 473.30 dn 0.40
May 480.00 dn 1.40
Jul 487.90 dn 1.50
Nov 491.10 dn 2.90
