Food Industry
Industry: Email Alert RSS FeedICE Canola Lower Overnight, Weakness To Be Limited.
Resource News International, January, 2008
Byline: Don Bousquet, Resource News International
Winnipeg, Jan 31, 2008 (Resource News International via COMTEX) -- Grain and oilseed futures at the ICE Canada futures market posted small losses in overnight trade with traders expecting to see those declines continue when the North American trading day gets underway later this morning.
Canola posted small losses on weakness in outside markets and declines in both European rapeseed and Malaysian palm oil markets. Expected declines in the Chicago Board of Trade soy complex this morning will pressure canola this morning, say brokers. However they feel that losses will be minimal and the market may even find some support.
The steep declines in the Canadian dollar this morning will be...
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