ICE canola down ahead of USDA reports

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Nov. 8, 2018 (CNS Canada) – ICE Futures canola contracts were weaker Thursday morning.
Chicago Board of Trade soybeans and meal contracts are stronger, while soyoil contracts are weaker.
Commodity markets are expected to be quiet this morning ahead of the latest United States Department of Agriculture reports to be released at 11:00 CST. Markets most likely will not move dramatically unless there is a huge surprise
The USDA is expected to lower its canola production numbers for Canada and Australia in today’s reports.
The Canadian dollar was steady.
About 2,000 canola contracts had traded as of 8:51 CST Thursday morning.

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