ICE canola up sharply after holiday Monday

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Aug. 7, 2018 (CNS Canada) – ICE Futures
canola contracts were higher Tuesday morning, playing catch up
to American markets which were open on Monday.
Chicago Board of Trade soybean, soyoil and meal contracts
were also all up. Reduced yield potentials from Monday’s United
States Department of Agriculture Crop Progress report boosted
prices.
With heat warnings across the Prairies concerns of reduced
yield potentials are boosting canola prices. With the hot
weather the filling stage in the canola crop could be shortened.
About 3,300 canola contracts had traded as of 8:47 CDT
Tuesday morning.

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