ICE canola up slightly at midday

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, June 5, 2018 (CNS Canada) – ICE Futures
Canada canola contracts were narrowly higher at midday Tuesday,
as trade uncertainty between the United States and China created
volatility in the markets.
One Winnipeg-based trader said that he thinks the general
feeling currently is that whatever bad is going to happen in the
U.S. with China for tariffs isn’t going to be good for Canada.
The canola market was down sharply over night but then
recovered, supported by a weaker Canadian dollar.
The soybean market on the Chicago Board of Trade was also
trading in a narrow range, which was spilling over the canola
market.
About 12,700 canola contracts had traded as of 10:19 CDT.

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