ICE canola weaker in choppy trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Dec. 20, 2018 (CNS Canada) – ICE Futures canola contracts are down this morning, having bounced around both sides of unchanged earlier in the session.
Trading may be choppy today as the holiday closures near and as the January contract nears expiry as traders move their positions into the March contract.
Chicago Board of Trade soybean, oil and meal contracts are all weaker, as uncertainty about China/United States relations continues to weigh on the market. The possible U.S. government shutdown is also weighing on the commodity and equity markets.
The Canadian dollar is weaker this morning, which is helping to limit losses for the canola market.
About 7,100 canola contracts had traded as of 8:55 CST Friday morning.

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