ICE canola market up with G20 optimism

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Nov. 28, 2018 (CNS Canada) – ICE Futures canola contracts are stronger at midday Wednesday, following the lead of soybean contracts.
Chicago Board of Trade soybean, meal and oil contracts are all continuing their rally as traders are optimistic ahead of this week’s G20 meeting between China and the United States.
The Canadian dollar is below the 75 U.S. cent mark, which is supportive for canola contracts, according to a Winnipeg-based trader.
Oilseed markets are expected to be volatile through the rest of this week as traders await the G20 meeting results.
About 15,000 canola contracts had traded as of 10:42 CST.

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