Investing.com - Financial Markets Worldwide

Canola falls on harvest hedging

Published 2015-10-19, 03:20 p/m
Canola falls on harvest hedging

(All figures in Canadian dollars unless noted)
CHICAGO, Oct 19 (Reuters) - ICE Canada canola fell for the
sixth time in eighth sessions on Monday, weighed down by some
hedging by farmers and commercial operators who were guarding
against further declines as the end of harvest neared, traders
said.
* Canola harvest was close to complete, and
bigger-than-expected yields have flooded elevators and storage
bins, traders said.
* Weakness in the Chicago Board of Trade soy complex added
further pressure to canola.
* November canola RSX5 settled $1.50 lower at $471.10 per
tonne on volume of 8,171 contracts. The contract firmed early
but turned lower after hitting resistance at its 50-day moving
average.
* January canola RSF6 ended down $1.10 at $476.00 per
tonne on volume of 7,075 contracts.
* November-January spread traded 5,487 times between $4.20
and $5.00, premium January.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.