ICE canola climbing higher with soy

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, Jan. 17, 2018 (CNS Canada) – ICE Futures canola contracts were stronger at midday Thursday, supported by a weaker Canadian dollar.
Chicago Board of Trade soybean, oil and meal contracts are all stronger finding support from news out of Brazil that little rain continues to fall there.
There is still concern though about Chinese/United States relations. While China has confirmed Vice Premier Liu will visit the U.S. for trade talks on January 30 to 31, the latest news about little progress have been made previously is pressuring the soy complex.
Canola is still rebounding following its losses earlier in the week with speculative buying taking place. However, there is still concern over soft end user demand which could limit gains for the market.
About 5,700 canola contracts had traded as of 10:24 CST.

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