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ICE Canada canola dips, but ends higher in 2015

Published 2015-12-31, 02:41 p/m
ICE Canada canola dips, but ends higher in 2015
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Dec 31 (Reuters) - ICE Canada canola
slipped on Thursday, pressured by commercial hedges and weaker
U.S. soy prices, but finished with an overall gain in 2015.
* Canola's 5.4 percent gain for the year, compared with
declines in U.S. soybean, corn and wheat futures, came largely
because the weaker Canadian dollar made the country's exports
more attractive.
* Smaller agriculture markets were the biggest winners in
the 2015 commodities rout.
* For the holiday-shortened week, the nearby January canola
contract lost 0.8 percent. Canola rose 2.2 percent for the month
and 0.1 percent in the fourth quarter.
* January canola RSF6 lost $5 at $476.50 per tonne.
Deliveries against the contract can begin on Monday.
* Most-active March canola RSH6 shed $5 at $486.50 per
tonne, touching a one-week low.
* March-May spread traded 658 times.
* Chicago March soybeans SH6 fell on favorable Brazilian
crop weather and disappointing U.S. export sales.
* Malaysian March crude palm oil 1FCPOH6 eased and NYSE
Liffe Paris February rapeseed COMG6 ended flat.
* The Canadian dollar CAD= was trading at $1.3825, or
72.33 U.S. cents at 1 p.m. CST (1900 GMT), higher than
Wednesday's close of $1.3885, or 72.02 U.S. cents.
* ICE Futures Canada will be closed for New Year's Day on
Friday.

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