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Canola falls as Canadian dollar firms

Published 2016-02-17, 03:49 p/m
Canola falls as Canadian dollar firms
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(All figures in Canadian dollars unless noted)
Feb 17 (Reuters) - ICE Canada canola futures fell on
Wednesday as a rally in crude oil prices strengthened the
Canadian dollar, which tends to make canola less attractive on
the world market, traders said.
* March canola RSH6 settled down $3.80 at $464.70 per
tonne on volume of 10,833 contracts.
* May canola RSK6 fell $4.40 at $472.50 per tonne on
volume of 13,833 contracts.
* Canola shrugged off strength in Chicago Board of Trade
soybean 0#S: and soyoil 0#BO: futures. CBOT March soyoil
BOH6 settled up 0.38 cents per lb, or 1.2 percent, at 31.99
cents per lb.
* Malaysian May palm oil 1FCPOK6 rose about 1 percent
while NYSE Liffe Paris May rapeseed COMK6 fell about 0.1
percent.
* The Canadian dollar CAD= was trading at $1.3709 to the
greenback, or 72.94 U.S. cents at 2:40 p.m. CST (2040 GMT),
above Tuesday's official close of $1.3881, or 72.04 U.S. cents.
* The currency firmed as crude oil prices rose on output
talks and domestic data pointed to a shift toward manufacturing
as a driver of growth.

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