ICE canola up at midday over China/U.S. trade dispute

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 18, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were higher at midday Monday, taking
support from the ongoing trade dispute between the United States
and China.
Chicago Board of Trade soybean contracts started the day
lower, after China placed retaliation tariffs on U.S. soybeans
on Friday. However by midday soybean contracts were starting to
firm up.
One Winnipeg-based trader said there are thoughts that due
to the China/U.S. trade dispute, canola could find more demand.
However, he said traders will have to see what kind of demand
there actually is.
A lower Canadian dollar was providing support for the
canola market.
About 14,700 canola contracts had traded as of 10:25 CDT.

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