Source: Marlo Glass, MarketsFarm, producer.com, August 12, 2020
WINNIPEG, Aug. 12 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Wednesday morning, ahead of August’s World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA).
The WASDE is expected to have a generally bearish influence on the market.
Gains in Chicago soyoil prevented further losses for canola values. Nearby Chicago soyoil contracts were up by about a quarter of a cent in early morning trade.
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