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ICE Canada canola falls, records big monthly loss

Published 2016-02-29, 03:05 p/m
ICE Canada canola falls, records big monthly loss
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Feb 29 (Reuters) - ICE Canada canola
futures fell on Monday for the third straight session, dragged
down by demand concerns and weakness in soyoil, and registered
its biggest monthly loss since July.
* Canola demand looks uncertain with key buyers Japan, China
and Mexico amply supplied, a trader said.
* Technical selling also seen weighing on prices.
* Volume was thin, with many traders attending Canola
Council of Canada convention this week.
* Nearby March canola RSH6 shed $1 at $446 per tonne. Lost
6.2 percent in February.
* Most-active May canola RSK6 fell $3.10 at $449.70 per
tonne.
* May-July canola spread traded 847 times.
* Chicago March soybeans SH6 fell on pressure from heavy
deliveries and harvest of a bumper Brazilian crop.
* Malaysian May palm oil 1FCPOK6 edged higher and NYSE
Liffe Paris May rapeseed COMK6 eased.
* The Canadian dollar CAD= was trading at $1.3531 to the
greenback, or 73.90 U.S. cents at 12:52 p.m. CST (1852 GMT),
lower than Friday's official close of $1.3514, or 74 cents.

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