ICE canola up amid thin volumes

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Aug. 24, 2018 (CNS Canada) – ICE Futures
canola contracts were higher Friday morning, however trade
volumes were very low.
Chicago Board of Trade soybeans, soyoil and meal contracts
were all on the rise too. The Malaysian palm oil and European
rapeseed markets were also higher.
Canola has fallen sharply in price over the last few days,
which has left it oversold and looking for a bounce.
The trade talks between the United States and China ended
with no breakthroughs on Thursday. This has traders thinking
again that China may buy more canola instead of soy.
About 350 canola contracts had traded as of 8:39 CDT Friday
morning.

---

Newsletter Sign Up – Receive local farm, ranch, crop and livestock production news

You’ll also receive industry and policy information, all in one convenient email delivered right to your inbox!

One email delivered 6 days a week for ranchers, feedlots, packers and livestock sales operators.

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Name

This field is for validation purposes and should be left unchanged.