ICE canola choppy in morning trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Dec. 19, 2018 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged this morning, bouncing around in value.
Chicago Board of Trade soybean contracts are mixed, while oil contracts are stronger and meal contracts are weaker. The United States Department of Agriculture announced a flash sell of 1.199 million tonnes of soybeans to China this morning.
Tuesday’s bounce in the canola market has pointed the short-term bias for the market to the upside.
While the Canadian dollar is stronger this morning, it is still hanging out around lows not seen since June, 2017.
About 6,700 canola contracts had traded as of 8:49 CST Wednesday morning.

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