Food Industry
Industry: Email Alert RSS FeedMidday WCE Futures: Canola Down On Soy, Funds.
Resource News International, August, 2006
Byline: Don Bousquet, Resource News International
Winnipeg, Aug 11, 2006 (Resource News International via COMTEX) -- Grain and oilseed futures at the Winnipeg Commodity Exchange (WCE) at midday on Friday are lower with sharp losses in canola as the weak tone in Chicago Board of Trade soy complex futures and aggressive commodity fund selling sent the market down, brokers said.
Canola saw an active trade with moderate levels of Nov/Jan spreading noted with much of the spread trade being legged. An estimated 7,546 canola contracts had traded by midday.
Canola briefly rallied this morning following the opening strength in CBOT soy complex futures, but quickly turned lower as the advancing harvest of canola in western Canada and the firm Canadian...
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