By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 25, 2019 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged Friday morning, with the bias turning lower in choppy trade.
Chicago Board of Trade soybean and meal contracts are slightly weaker, while soyoil contracts are stronger.
Canola exports are still lagging, according to the latest Canadian Grain Commission data. As of Jan. 20, 4.76 million tonnes has been exported this crop year, compared to 5.27 million tonnes last year.
However, there is talk the pace of farmer selling could pick up as canola has been valued higher as of late.
About 5,900 canola contracts had traded as of 8:45 CST Friday morning.
ICE canola bouncing around in morning trade
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