Source: Phil, MarketsFarm, Producer.com, Octobre 1, 2019
The ICE Futures canola market was stronger on Tuesday, seeing some follow-through speculative buying after Monday’s rally.
Harvest delays and quality concerns following recent snow, rain, and cold temperatures across parts of the Prairies remained supportive, according to traders.
Continued strength in Chicago Board of Trade soybeans also helped underpin canola, according to participants.
However, forecasts calling for warmer and drier weather later in the week tempered the upside. Large old crop supplies, a softer tone in CBOT soyoil, and firmness in the Canadian dollar also weighed on values.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
