ICE canola lower in morning trade

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By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Sep. 28, 2018 (CNS Canada) – ICE Futures
canola contracts were weaker in morning trade, as a stronger
Canadian dollar weighed on the market.
Chicago Board of Trade soybeans, oil and meal contracts
were all lower.
The United States Department of Agriculture will release
its quarterly stocks and small grains report today at 11:00 CDT.
The reports are not expected to contain any huge surprises, but
end of the month positioning and pre-hedging ahead of the
weekend harvest could affect markets today.
Wet and cold weather across Western Canada is stalling
harvest progress. According to yesterday’s Saskatchewan
provincial crop report, only 48 per cent of the canola crop was
harvested there.
About 3,400 canola contracts had traded as of 8:48 CDT
Friday morning.

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