CANOLA FUNDAMENTALS : 09.09.2016
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ICE Canada canola futures rose on Thursday on shortcovering after two consecutive losses. Meanwhile, Reuters reported that 17% of Saskatchewan canola has been harvested.
ICE Canola prices could remain range bound to weak amid bearish stock data from Statistics Canada.
However, firm soy prices could lend support to Canola prices.
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ICE Canada canola futures rose on Thursday on shortcovering after two consecutive losses. Meanwhile, Reuters reported that 17% of Saskatchewan canola has been harvested.
ICE Canola prices could remain range bound to weak amid bearish stock data from Statistics Canada.
However, firm soy prices could lend support to Canola prices.
