ICE canola down with higher loonie

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Sept 13, 2018 (CNS Canada) – ICE Futures
canola contracts were lower Thursday morning, as recent strength
in the Canadian dollar weighed on markets.
Chicago Board of Trade soybeans, meal and oil contracts
were all weaker. Wednesday’s United States Department of
Agriculture report saw record soybean yields of 52.8 bushels per
acre and 2018/19 carryout of 845 million bushels predicted.
Snow fell in parts of Alberta this week, with reports of
unharvested crops being flattened. Last week’s crop report
pegged the canola harvest at 4.7 per cent complete.
Across the rest of the western provinces cool and wet
weather is delaying harvest progress.
About 3,200 canola contracts had traded as of 8:47 CDT
Thursday 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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