ICE canola down in morning trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Aug. 22, 2018 (CNS Canada) – ICE Futures
canola contracts were lower Wednesday morning.
Chicago Board of Trade soybeans, soyoil and meal contracts
were all down too. Palm oil is steady, while the European
rapeseed market is also down.
It is unlikely that Chinese soybean tariffs will be removed
during the two days of trade talks between Chinese and American
officials, which begin today in Washington. The outlook for
soybeans is expected to be bearish until China starts buying
United States soybeans.
The Canadian dollar was stronger again this morning, which
was bearish for canola.
About 3,400 canola contracts had traded as of 8:45 CDT
Wednesday morning.

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