By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, July 3, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mostly lower Tuesday morning, after
being closed Monday.
Canola was playing catch up to Chicago Board of Trade
soybeans, which suffered losses Monday. The canola market was
closed for the Canada Day holiday, while American markets were
still open.
As of Monday morning, soybeans, soyoil and meal were all
higher, recovering from Monday’s losses.
North American crop conditions are looking good. The
forecast is calling for rain in Western Canada, which will be
good for crops.
Statistics Canada’s updated acreage numbers on Friday’s
pegged canola acres higher, which is weighing on the market.
About 5,600 canola contracts had traded as of 8:51 CDT
Tuesday morning.
ICE canola down after holiday weekend
Reading Time: < 1 minute
explore
Stories from our other publications
