ICE canola mixed ahead of USDA reports

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Oct. 11, 2018 (CNS Canada) – ICE Futures
canola contracts were trading both sides of unchanged early
Thursday morning, ahead of the latest United States Department
of Agriculture (USDA) reports to be released later in the
morning.
Chicago Board of Trade soybeans, oil and meal contracts
were all weaker. It is expected the USDA reports will confirm
that there will be a huge U.S. soybean crop.
There is warmer and drier weather in the long-range
forecast for Western Canada, following weeks of snowy and wet
weather delaying harvest progress.
Global equity markets around the world are currently in a
downfall, following the worst selloff in recent memory on
Wednesday.
About 3,200 canola contracts had traded as of 8:43 CDT
Thursday morning.

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