ICE canola higher after holiday weekend

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Oct. 9, 2018 (CNS Canada) – ICE Futures
canola contracts were slightly stronger in morning trade to kick
off the week, following the Thanksgiving long weekend.
Chicago Board of Trade soybeans were lower, while soyoil
and meal contracts were mixed. A stronger United States dollar
is weighing on soybean contracts.
More snow fell in Alberta on Monday, with the snowy weather
expected to move east across the rest of the Canadian Prairies
in the upcoming days.
The Canadian dollar is weaker this morning, which is
supportive for the canola market.
Prices in Canadian dollars per metric tonne at 9:05 CDT:
Price Change
Canola Nov 501.80 up 0.50
Jan 506.90 up 0.40
Mar 511.70 up 0.40
May 515.30 up 1.20

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