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ICE Canada canola ends lower on farmer selling after 2-week top

Published 2015-10-14, 04:29 p/m
ICE Canada canola ends lower on farmer selling after 2-week top

(All figures in Canadian dollars unless noted)
Oct 14 (Reuters) - ICE Canada canola fell Wednesday on
profit-taking and hedge-related selling by farmers after the
spot November contract RSX5 climbed to its highest level in
nearly two weeks, traders said.
* Declines in Chicago Board of Trade soybeans 0#S: and
soymeal 0#SM: futures added to bearish sentiment.
* November canola RSX5 settled down $2.40 at $476.10 per
tonne on volume of 10,600 contracts. The contract reached $481,
its highest level since Oct. 1, before retreating.
* January canola RSF6 ended down $2.50 at $480.40 per
tonne on volume of 8,406 contracts.
* November-January spread traded roughly 5,700 times.
* A stronger Canadian dollar added pressure. The currency
CAD= was trading at $1.2925, or 77.37 U.S. cents, at 3:15 p.m.
CT (2015 GMT), stronger than the Bank of Canada's official close
on Tuesday of $1.3019, or 76.81 U.S. cents.
* NYSE Liffe Paris November rapeseed COMX5 closed mostly
lower. Trade in Malaysian palm oil futures 0#1FCPO: was closed
due to a holiday.

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