ICE canola higher ahead of U.S. rate decision

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Sep. 26, 2018 (CNS Canada) – ICE Futures
canola contracts were stronger in morning trade.
Chicago Board of Trade soybeans, oil and meal contracts
were all higher.
The United States Federal Reserve is expected to announce
an interest rate hike and make a comment on the U.S. economy.
This could influence the U.S. dollar and consequently the
Canadian dollar.
The Canadian dollar was slightly weaker in morning trade.
Wet and cold weather has held back harvest progress in
Western Canada, but drier weather is expected over the next few
days.
About 3,800 canola contracts had traded as of 8:48 CDT
Wednesday morning.

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