ICE canola playing catch-up to U.S. markets

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Dec. 27, 2018 (CNS Canada) – ICE Futures canola contracts are mixed this morning, following the holiday break.
Chicago Board of Trade soybean and meal contracts are all stronger, while oil contracts are mixed. United States markets were open Boxing Day and soybean contracts suffered double digit losses during the trading session as concerns over U.S. exports weighed on the market.
The canola market has seen some catch-up selling to the soybean market overnight.
The Canadian dollar is weaker this morning, which is limiting losses for canola contracts.
About 4,700 canola contracts had traded as of 8:54 CST Thursday morning.

---

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.