Food Industry
Industry: Email Alert RSS FeedWCE Grain/Oilseed Review: Canola Falls On Poorer Margins.
Resource News International, December, 2004
Winnipeg, Dec 30, 2004 (Resource News International via COMTEX)
Grain and oilseed futures at the Winnipeg Commodity Exchange (WCE) finished Thursday's session mixed with canola prices dropping moderately as the canola crush margins weakened, brokers said.
Position squaring ahead of the end of the year was evident with some positioning also tied to the fact that the Chicago Board of Trade will be closed on Friday when the WCE is open while the CBOT will be open on Monday when the WCE will be closed for the New Year holiday, traders said.
Canola closed moderately lower in moderate trade. There was a small amount of Jan/Mar spreading with commercials responsible for that trade. There were an estimated 5,048 contracts traded, down from 6,392...
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