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ICE Canada canola falls on China worries, harvest progress

Published 2015-09-01, 02:30 p/m
ICE Canada canola falls on China worries, harvest progress

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Sept 1 (Reuters) - ICE Canada canola
fell on Tuesday, swept lower on fresh concerns that China will
reduce oilseed imports as its economy slows.
* Harvest progress in Western Canada also weighed on canola,
traders said. Commodity Weather Group said dry conditions in mid
to late September should accelerate fieldwork.
* A selloff in rival oilseed soybeans spilled over to
canola, sparked by a report that showed China's manufacturing
sector contracted at its fastest pace in three years during
August. GRA/ ID:nL4N11721X
* Most-active November canola RSX5 lost $7.70 to $467.10
per tonne.
* January canola RSF6 gave up $7.10 to $472.70 per tonne.
* November-January spread traded 3,582 times.
* Chicago November soybeans SX5 fell on stable U.S. crop
conditions and concerns about Chinese growth. ID:nC3N0XP01T
* Malaysian November palm oil 1FCPOX5 rose, while NYSE
Liffe Paris November rapeseed COMX5 fell.
* The Canadian dollar CAD= was trading at $1.3165, or
75.96 U.S. cents at 1:11 p.m. CDT (1811 GMT), lower than the
Bank of Canada's official close of $1.3157, or 76.01 U.S. cents
on Monday.
* Statistics Canada reports on Thursday about July 31, 2015
crop stocks. Trade expects 43 percent drop in canola stocks.
ID:nL1N10W2FY


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