ICE canola down in weak trade volume

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Aug. 28, 2018 (CNS Canada) – ICE Futures
canola contracts were lower Tuesday morning in thin trade.
Chicago Board of Trade soybeans and meal contracts were all
lower, while soyoil contracts were higher. Despite the latest
trade news between the United States and Mexico, soybean markets
are not feeling assured with the market down, bringing canola
along with it.
Cold temperatures across the Prairies overnight led to
concerns about the canola crop, parts of Alberta and western
Saskatchewan fell to the 0C to 5C range, with low lying areas
receiving frost.
A stronger Canadian dollar is weighing on the canola
market.
About 1,000 canola contracts had traded as of 8:38 CDT
Tuesday morning.

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