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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.


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