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ICE canola dropping with soybeans

WINNIPEG, MB, June 14, 2018 (CNS Canada), Jun 14, 2018 (Commodity News Service Canada, Inc. via COMTEX) --

ICE Futures Canada canola contracts followed the Chicago Board of Trade (CBOT) soybean markets down Thursday morning.

CBOT soybeans are still weaker today, following talk yesterday that the United States would be implementing tariffs on China this Friday.

The Canadian dollar was weaker, which was providing slight support for the canola market.

There are ongoing dryness concerns about crops in southern Alberta and southwestern Saskatchewan. Crop conditions across most of North America otherwise are pretty good.

About 7,300 canola contracts had traded as of 8:43 CDT.

     Prices in Canadian dollars per metric tonne at 8:43 CDT:
                          Price      Change
Canola            Jul     513.60    dn  0.80
                  Nov     504.20    dn  1.70
                  Jan     510.50    dn  1.20
                  Mar     517.20    unchanged

Ashley Robinson, Commodity News Service Canada

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