Winnipeg, Manitoba, Dec. 9, 2014

The ICE Futures Canada canola market was stronger on volatile trading Tuesday - following the soy complex higher.

There were no big fundamental trends pushing canola one way or the other, according to an analyst.

"Hard to see any huge directions this time of year," he said, noting some price pressure was still being felt from the drop in oil.

Commercial buying was supportive for values, while farmer selling remained light, which also helped elevate the market.

However, the Canadian dollar was higher against its US counterpart, which made canola less attractive on the international market.

Improved prospects for development of the soybean crop in South America were also bearish and European rapeseed futures were slightly weaker which limited the gains.

Around 32,551 canola contracts were traded on Tuesday, which compares with Monday when around 33,272 contracts changed hands. Spreading accounted for 23,342 of the contracts traded.

Milling wheat, durum, and barley were all untraded.

Settlement prices are in Canadian dollars per metric ton.

                          Price      Change
Canola            Jan     433.90    up 4.80
                  Mar     429.30    up 2.90
                  May     430.90    up 2.10
Milling Wheat     Mar     239.00    unch
                  May     242.00    unch
Durum             Mar     357.50    unch
                  May     357.50    unch
Barley            Mar     177.00    unch
                  May     179.00    unch
     Spread trade prices are in Canadian dollars and the volume
represents the number of spreads:
Months        Prices                      Volume
Canola
Jan/Mar       2.30 over  to 4.70 over       7909
Jan/May       0.20 over  to 2.00 over        764
Mar/May       2.50 under to 1.40 under      1843
Mar/Jul       4.10 under to 2.30 under        87
Mar/Nov       1.10 under to 0.30 over         40
May/Jul       1.90 under to 0.80 under       716
Jul/Nov       2.30 over  to 3.50 over        312

Commodity News Service Canada