Rainy weather strengthens canola futures

Source: Markets Farm, September 24, 2019 

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Tuesday, as delayed harvest activity provided support to the market.

Cold, rainy weather, with the potential for snow in some areas of the Prairies, has significantly delayed harvest progress. Approximately one third of the canola crop is currently harvested.

Soybeans on the Chicago Board of Trade received a boost due to positive trade sentiments between the United States and China.

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