ICE canola mixed following U.S. tariffs against China

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By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 15, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mixed following the United States
latest tariffs against China.
U.S. President Donald Trump announced that the U.S. will
implement tariffs on US$50 billion worth of Chinese goods. This
sent Chicago Board of Trade soybean contracts down as U.S.
soybean and pork sales to China will likely be affected by
reciprocal Chinese tariffs.
The Canadian dollar was weaker, which was providing support
for the canola market and limiting drops. The weaker dollar also
made canola more attractive to buyers.
About 5,200 canola contracts had traded as of 8:50 CDT.

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