ICE canola down to start off week

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 28, 2019 (CNS Canada) – ICE Futures canola contracts are mostly slightly weaker.
Chicago Board of Trade soybean, oil and meal contracts are all weaker. Friday’s announcement from United States President Donald Trump that the government would be temporarily re-opening is having little effect on the market so far. There are still no exact details on when data from the U.S. Department of Agriculture (USDA) will start being released.
The forecast in Brazil is calling for rain, which is pressuring North American oilseed markets.
The Canadian dollar is weaker, which is limiting losses for canola contracts.
About 3,600 canola contracts had traded as of 8:50 CST Monday morning.

Futures Prices as of January 28, 2019

Canola
2019-01-28 08:52
Price Change
Mar 487.6 -0.90
May 496.6 -0.50
Jul 504.1 -1.00
Nov 500.5 0.10
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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