ICE canola down with soybeans

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 13, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were lower Wednesday, following the lead
of soybean markets on the Chicago Board of Trade (CBOT).
CBOT soybeans were firmer yesterday following the release
of the latest United States Department of Agriculture reports.
But demand is now muted and negative technicals are dragging
down the market.
The Canadian dollar was higher, which weighed on the canola
market.
While the majority of Prairie crops have received enough
rain, southern Alberta and southwestern Saskatchewan need
moisture.
About 8,800 canola contracts had traded as of 8:59 CDT.

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