ICE canola mixed in morning trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, July 20, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mixed Friday morning, jumping
around in morning trade.
Chicago Board of Trade soybeans, soyoil and meal contracts
were all down. However soybeans and meal contracts were higher
earlier in the morning.
United States export sales were above expectations this
week, with no cancelations from China. There are also reports
that China is looking to start buying more oilseeds from Russia.
Hot and dry conditions across the Prairies are limiting
losses for the canola market. Similar conditions in the
southwestern U.S. Midwest are also lending some support for the
soybean market.
About 3,000 canola contracts had traded as of 8:39 CDT
Friday morning.

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