Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

ICE Canada canola dips on stronger Canadian dollar

Published 2015-09-30, 02:42 p/m
ICE Canada canola dips on stronger Canadian dollar

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Sept 30 (Reuters) - ICE Canada canola
prices dipped slightly on Wednesday, pressured by the stronger
Canadian dollar, but notched a monthly gain.
* Oilseeds were underpinned after the U.S. Department of
Agriculture said U.S. stockpiles of corn and soybeans were
slightly smaller than forecast. ID:nL1N1200YR
* Funds already hold a large short position in canola, and
other investors were wary of going short ahead of Friday's
Statistics Canada crop report, an analyst said.
* November canola RSX5 eased 90 cents to $476 per tonne.
* Nearby canola finished September with a 0.3 percent
monthly gain, but a 12.3 percent loss for the quarter.
* January canola RSF6 lost 90 cents to $481 per tonne.
* The November-January spread traded 5,926 times.
* Chicago November soybeans SX5 rose on the USDA stocks
view. ID:nC3N0ZN026
* Malaysian November palm oil 1FCPOX5 fell and NYSE Liffe
Paris November rapeseed COMX5 edged higher.
* The Canadian dollar CAD= traded at $1.3358, or 74.86
U.S. cents, at 1:05 p.m. CDT (1805 GMT), higher than the Bank of
Canada's official close of $1.3418, or 74.53 U.S. cents.


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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.