ICE canola down with soybeans

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 8, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were down at midday Friday, following
the lead of soybean contracts on the Chicago Board of Trade.
One Winnipeg-based commentator said the canola market has
been taking its cues from the soybean market for the last few
days. The soybean markets have been down as a “little bit of a
weather premium has leaked out,” he said.
Last weekend’s Prairie rains have also weighed on the
market, according to the commentator. While not all areas
received moisture, overall the Prairie crop is in better shape
than it was a few weeks ago.
About 11,000 canola contracts had traded as of 10:22 CDT.

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