By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, July 5, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were mostly higher Thursday morning,
following the American holiday.
Chicago Board of Trade soybeans are down, after being
closed Wednesday for Independence Day. Soyoil contracts were
also down, while meal contracts were slightly higher.
The trade war is overhanging on the market today, with some
United States tariffs on Chinese goods set to go into effect
Friday. China has said they will retaliate immediately with
tariffs of their own.
Palm oil and European rapeseed were stronger. Reports of
hot temperatures in Germany are bringing production estimates
for the European rapeseed crop down.
North American crop conditions are favourable. Crops are
ahead of the normal pace of development and may not be affected
much by the hot summer temperatures.
About 3,900 canola contracts had traded as of 8:50 CDT
Thursday morning.
ICE canola up in morning trade
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