ICE canola mixed ahead of American holiday

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Nov. 21, 2018 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged Wednesday morning.
Chicago Board of Trade soybean and meal contracts are down, while soyoil contracts are up. Trade could be choppy today ahead of tomorrow’s American Thanksgiving holiday, where United States markets will be closed and the canola market open.
There are forecasts for heavy rains in some of the Brazilian soy areas, which are pressuring oilseed contracts.
The Canadian dollar is slightly weaker, which is helping to limit losses for the canola market.
About 5,300 canola contracts had traded as of 8:49 CST Wednesday morning.

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