ICE canola up with soybeans

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, July 26, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were higher Thursday morning, following
the lead of Chicago Board of Trade (CBOT) soybeans.
CBOT soyoil and meal contracts were higher. European
rapeseed was also up.
In an announcement Wednesday, United States President
Donald Trump and the European Union, said they would work
together to lower tariffs. The EU said it would buy more
soybeans, which gave a boost to the market overnight.
The Canadian dollar is holding onto yesterday’s gains and
is mostly unchanged in overnight trade.
About 3,600 canola contracts had traded as of 8:41 CDT
Thursday morning.

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