Canola down ahead of latest USDA report

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Sept 11, 2018 (CNS Canada) – ICE Futures
canola contracts were lower Tuesday morning.
Chicago Board of Trade soybeans, meal and oil contracts
were mostly lower.
The United States Department of Agriculture crop production
report will be released tomorrow. Traders expect the average
yield estimate for soybeans to be increased to 52.2 bushels per
acre, while the 2018/19 carryout is expected to increase to over
800 million bushels.
The Australian winter canola crop is expected to be 24 per
cent smaller than previously expected.
About 1,300 canola contracts had traded as of 8:33 CDT
Tuesday morning.

Commodity Future Prices

Canola
updated 2018-09-20 10:25
Price Change
Nov485.4-1.60
Jan491-1.70
Mar495.9-1.70
May500.2-2.30

Prices are in Canadian dollars per metric ton

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