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ICE Canada canola falls in commodity slide over China yuan move

Published 2015-08-11, 02:33 p/m
ICE Canada canola falls in commodity slide over China yuan move
HG
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 11 (Reuters) - ICE Canada canola
futures fell on Tuesday in sympathy with broad commodity
declines following China's devaluation of its currency.
* Oil, copper and other commodities tumbled after China's
move, which raised concerns that a persistently weaker currency
will choke demand in the world's top commodities consumer.
* Traders adjusted positions ahead of Wednesday's U.S.
Department of Agriculture report. USDA is expected to cut its
average soybean yield estimate.
* November canola RSX5 lost $3.80 to $507.60 per tonne.
* January canola RSF6 shed $3.80 to $506.50 per tonne.
* November-January spread traded 2,665 times.
* Chicago September soybeans SU5 dropped sharply on
profit-taking and the yuan devaluation.
* Malaysian October palm oil 1FCPOV5 rose and NYSE Liffe
Paris November rapeseed COMX5 fell.
* The Canadian dollar CAD= was trading at $1.3124, or
76.20 U.S. cents at 12:52 p.m. CDT (1752 GMT), down from
Monday's close at $1.3001 to the greenback, or 76.92 U.S. cents.

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