ICE canola bouncing around in trade

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 30, 2019 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged in morning trade.
Chicago Board of Trade soybean, oil and meal contracts are all slightly stronger or unchanged.
The technical bias in canola has turned to the downside and selling could build on itself, according to participants.
Weather in South America has improved but not enough to stop crop concerns. There are reports of low yields filtering out of the southern hemisphere.
The Canadian dollar is little changed in value today, and is not having an effect on the canola market.
About 3,100 canola contracts had traded as of 8:45 CST Wednesday morning.