ICE canola mixed at midday

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 7, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mixed at midday Thursday.
The July contract was trading slightly lower while the
other contracts were higher.
One Winnipeg-based commentator said, “the canola market is
dead, the volume is terrible.” Farmers are cash adequate after
selling into the previous rally when canola was over C$540 per
bushel and aren’t selling now.
A lower Canadian dollar was providing support for the
canola market.
The soybean market on the Chicago Board of Trade was lower,
while the soybean oil was trading higher.
About 8,900 canola contracts had traded as of 10:23 CDT.

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