By Dave Sims, Commodity News Service Canada
WINNIPEG, September 26 – Canola contracts on the ICE Futures Canada platform were mostly lower Friday morning, as weakness in outside vegetable oil markets overcame the bounce values enjoyed yesterday.
The soy complex was lower which weighed on values.
Forecasts are still generally favourable for harvest across much of the Prairies. However, showers have moved into parts of Alberta and cooler weather is expected in Manitoba and Saskatchewan by next week.
Canola yields are being reported as variable with some crops coming in better than expected while others have been disappointing, according to a report.
The Canadian dollar was slightly lower against the US dollar which provided some support to values.
About 6,200 canola contracts had traded as of 8:35 CDT.
Milling wheat, durum, and barley futures were all untraded and unchanged.
Prices in Canadian dollars per metric ton at 8:35 CDT:
