ICE Canola treads water ahead of report

By Dave Sims, Commodity News Service Canada

WINNIPEG, July 12 (CNS) – Canola contracts on the ICE Futures Canada platform were parked in neutral Thursday morning, as participants waited for the release of the USDA’s monthly supply and demand estimates.

Oilseed markets in general are looking oversold but no one wants to make any major moves ahead of the report, for fear it could deal them a hand no one saw coming.

The majority of the Canadian canola crop remains in good shape, but rain will be needed soon in key regions of Alberta and Saskatchewan.

The ongoing trade war between China and the United States continues to overhang the market.

Prices in Canadian dollars per metric ton at 8:55 CDT:

Commodity Future Prices

Canola
updated 2018-07-12 09:02
Price Change
Nov494.30.30
Jan500.20.20
Mar504.50.00
May507.7-1.20

Prices are in Canadian dollars per metric ton

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