ICE canola mixed awaiting USDA reports

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Nov. 7, 2018 (CNS Canada) – ICE Futures canola contracts were mixed, with most contracts slightly higher.
Chicago Board of Trade soybeans and meal contracts are lower while soyoil contracts are higher.
Trading could be choppy today ahead of tomorrow’s United States Department of Agriculture reports. U.S. soybean yields are estimated to be at 52.9 bushels per acre, production at 4.676 billion bushels and ending stocks at 0.898 million bushels.
The Canadian dollar was stronger Wednesday morning, which was limiting gains for the canola market.
About 2,700 canola contracts had traded as of 8:46 CST Wednesday morning.

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