ICE canola market following volatile soy markets

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Nov. 29, 2018 (CNS Canada) – ICE Futures canola contracts are weaker at midday Thursday, following the lead of the soy complex.
Chicago Board of Trade soybean and oil contracts are down, while meal contracts are mixed. The soybean market is volatile though, as oilseed traders are waiting to see what happens at the G20 summit in Argentina this weekend.
“The market’s either going to go up or it’s going down – and sharply in either direction,” said a Winnipeg-based trader.
The trader doesn’t think there are any fundamentals currently influencing the oilseed markets and that traders are just reacting to any news they hear.
About 7,000 canola contracts had traded as of 10:34 CST.

---

Newsletter Sign Up - Stories about strategic business thinking and farming success

You'll receive profiles, case studies and strategy from modern farming in Canada, delivered to your inbox 6 days a week!

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Email

This field is for validation purposes and should be left unchanged.