ICE canola down to start off week

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 7, 2018 (CNS Canada) – ICE Futures canola contracts are weaker this morning, dragged down by a rallying dollar.
Chicago Board of Trade soybean and meal contracts are stronger, while soyoil contracts are mixed. The soy complex is finding support from trade optimism. United States government officials are in Beijing today to start two days of trade negotiations with the Chinese.
There is still concern about drought in Brazil cutting soybean production numbers. There has also been excess moisture in Argentina, which is causing concern as well.
About 2,100 canola contracts had traded as of 8:50 CST Monday morning.

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