ICE canola up in morning trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 31, 2019 (CNS Canada) – ICE Futures canola contracts are stronger in Thursday morning trade.
Chicago Board of Trade soybean and meal contracts are up, while soyoil contracts are down. There is slight optimism for United States, China relations after U.S. President Donald Trump tweeted that talks were going well. However, he said no final deal would be made until he met with Chinese President Xi Jinping.
Trading is expected to be choppy for the canola market until the backlogged U.S. Department of Agriculture reports are released next week.
The Canadian dollar is stronger this morning, which is limiting gains for the canola market.
About 2,300 canola contracts had traded as of 8:40 CST Thursday morning.

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