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Canola futures weaken on fresh concerns about exports to China

Published 2019-03-26, 02:53 p/m
Canola futures weaken on fresh concerns about exports to China
USD/CAD
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ICE
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CHICAGO, March 26 (Reuters) - ICE (NYSE:ICE) Canada canola futures dropped on Tuesday after China, the top buyer, expanded its ban on Canadian canola seed imports.

* China's ban now includes shipments from Viterra Inc VILC.UL , the latest development in a wider trade dispute between the two countries.

* May canola futures RSK9 ended $5.00 lower at $451.70 per tonne.

* The contract managed to hold support above Friday's low of $449.00.

* July canola RSN9 was down $5.40 at $459.80.

* Chicago May soybeans SK9 finished 5-3/4 U.S. cents lower at US$9.00-3/4 per bushel.

* The Canadian dollar was little changed against its U.S. counterpart on Tuesday as stocks and oil prices rose, with the loonie steadying after it was pressured in the last three sessions by worries about the economic outlook. CAD/

* Malaysian May palm oil futures 1FCPOK9 dropped 0.5 percent.

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