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ICE Canada canola falls for third straight session

Published 2016-01-04, 02:37 p/m
ICE Canada canola falls for third straight session
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Jan 4 (Reuters) - ICE Canada canola
dipped on Monday for the third straight session, sliding on
spillover pressure from weaker palm oil and soyoil markets.
* Concerns about Chinese demand weighed on equities and
commodities after a private survey on Monday showed China's
factory activity contracted for the 10th straight month in
December.
* Slowing exports also weighed on Malaysian palm oil
futures, a key influence on vegetable oil markets. POIL
* Most-active March canola RSH6 shed $4.60 at $481.90 per
tonne, touching the contract's lowest price since Dec. 18.
* ICE reported 65 January canola RSF6 deliveries. Contract
expires Jan. 14.
* March-May spread traded 1,144 times.
* Chicago March soybeans SH6 fell on concerns about the
Chinese economy.
* Malaysian March crude palm oil 1FCPOH6 and NYSE Liffe
Paris February rapeseed COMG6 slid.
* Canola was underpinned, however, by a weaker Canadian
dollar.
* The Canadian dollar CAD= was trading at $1.3955, or
71.66 U.S. cents at 1:05 p.m. CST (1905 GMT), lower than
Thursday's close of $1.3840, or 72.25 U.S. cents.

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