ICE canola down in morning trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Aug. 14, 2018 (CNS Canada) – ICE Futures
canola contracts were down Tuesday morning, under pressure from
a strong Canadian dollar.
Chicago Board of Trade soybeans and meal contracts were all
up, while soyoil contracts were mostly down. A weaker American
dollar is providing support for soybeans.
While the heat wave in Western Canada has broken for the
last few days, hot weather is expected to return in the next few
days, keeping a weather premium in the market.
Canola bounced off technical support Monday, which could
encourage further buying today.
About 1,200 canola contracts had traded as of 8:40 CDT
Tuesday morning.

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