ICE Canada canola dips, falls for month

Published 2015-08-31, 02:47 p/m
ICE Canada canola dips, falls for month

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 31 (Reuters) - ICE Canada canola
dipped on Monday, pressured by a stronger Canadian dollar and
technical selling.
* For August, November canola lost 5.4 percent, the nearby
contract's second straight monthly loss.
* Concerns about Canadian harvest remain, with immature
canola in some areas and recent rains, a trader said.
* Statistics Canada reports on Thursday about July 31, 2015
crop stocks. Trade expects 43 percent drop in canola stocks.
ID:nL1N10W2FY
* Most-active November canola RSX5 lost $2.90 to $474.80
per tonne.
* January canola RSF6 gave up $2.30 to $479.80 per tonne.
* November-January spread traded 3,199 times.
* Chicago November soybeans SX5 unofficially edged higher
on short-covering. ID:nC3N0XP01S
* NYSE Liffe Paris November rapeseed COMX5 rose.
* The Canadian dollar CAD= was trading at $1.3166, or
75.95 U.S. cents at 1:26 p.m. CDT (1826 GMT), higher than the
Bank of Canada's official close of $1.3215, or 75.67 U.S. cents
on Friday.

Latest comments

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.