ICE canola mixed at midday

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 1, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mixed at midday Friday, as traders
switched attention to new crop contracts.
Inter-month spreading played a role as traders exited the
July contract in favour of the November contract.
The weaker Canadian dollar was also lending some support
but trade uncertainty kept gains in check.
Soy oil contracts on the Chicago Board of Trade were up
which was supportive for canola.
Improving moisture conditions across the Prairies weighed
on contracts, but there’s still enough uncertainity about new
crop production to provide some support.
About 22,300 canola contracts had traded as of 10:29 CDT.

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