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ICE Canada canola dips, finishes lower for week

Published 2016-01-22, 02:40 p/m
ICE Canada canola dips, finishes lower for week
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Jan 22 (Reuters) - ICE Canada canola
futures dipped on Friday, registering a slight weekly loss,
pressured by a rebounding Canadian dollar.
* Canola seen in tight trading range, supported in recent
sessions by exporter buying due to the weak dollar versus the
U.S. greenback, a trader said.
* Canadian dollar's bounce late this week was seen
generating profit-taking by long investors.
* Farmer selling to cash market has eased, limiting canola's
drop.
* March canola RSH6 lost $1.30 at $481.70 per tonne. Ends
week down 0.6 percent.
* May canola RSK6 gave up $1 at $490.20 per tonne.
* March-May canola spread traded 2,945 times.
* Chicago March soybeans SH6 dipped on South America's
improving crop outlook.
* Malaysian April crude palm oil 1FCPOJ6 jumped and NYSE
Liffe Paris May rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.4136 to the
greenback, or 70.74 U.S. cents at 1:13 p.m. CST (1913 GMT),
higher than Thursday's close at $1.4279 to the greenback, or
70.03 U.S. cents.
* Canada weekly canola crushings rise 2.4 percent. OILS/CA

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