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ICE Canola Lower To Start Week 2017/03/27 1:56 PM GMT Tweet

ICE Canada canola contracts were lower Monday morning, as declines in the Chicago Board of Trade soy complex weighed on values.
Bearish technical signals contributed to the losses in canola, as last week's sharp declines did damage from a chart standpoint, according to analysts.
A general sense of uncertainty in the outside financial markets to start the week was also spilling into the commodities, including canola.
However, solid end user demand and expectations for tightening canola supplies going forward provided some underlying support. Oversold price sentiment helped limit the losses as well.
About 5,000 canola contracts had traded as of 8:53 CDT.
Milling wheat, durum, and barley futures were all untraded.
Prices in Canadian dollars per metric ton at 8:53 CDT:
                          Price      Change
Canola            May     479.90    dn  2.60
                  Jul     485.70    dn  3.60
                  Nov     477.30    dn  5.30
Milling Wheat     May     231.00    unch
                  Jul     231.00    unch
Durum             May     281.00    unch
                  Jul     280.00    unch
Barley            May     137.00    unch
                  Jul     138.00    unch
Phil Franz-Warkentin, Commodity News Service Canada
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