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ICE Canada canola eases on commods selloff, trims losses on technicals

Published 2015-08-24, 03:21 p/m
ICE Canada canola eases on commods selloff, trims losses on technicals

(All figures in Canadian dollars unless noted)
CHICAGO, Aug 24 (Reuters) - ICE Canada canola 0#RS: fell
on Monday, pressured by a broad commodities selloff tied to
worries of slowing economic growth in China, traders said.
* But canola trimmed losses to finish only 0.4 percent
lower, underpinned by oversold conditions that prompted light
technical buying.
* November canola RSX5 eased $2.50 to settle at $477.70
per tonne, after earlier falling to $462.30 - the lowest point
since May 29.
* January canola RSF6 fell $1.90 to $478.20 per tonne.
* Chicago November soybeans SX5 fell to contract lows on
worries about China's economy.
* Malaysian October palm oil 1FCPOV5 and NYSE Liffe Paris
November rapeseed COMX5 fell.
* The Canadian dollar CAD= was trading at $1.3253, or
75.45 U.S. cents at 2:09 p.m. CDT (1909 GMT), down from the Bank
of Canada's official close on Friday of $1.3169, or 75.94 U.S.
cents.

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