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ICE Canada canola falls to 2-month low, weekly loss

Published 2016-01-29, 02:39 p/m
ICE Canada canola falls to 2-month low, weekly loss

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Jan 29 (Reuters) - ICE Canada canola
futures fell on Friday to a two-month low, registering a weekly
loss, under pressure from a stronger Canadian dollar and
commercial hedging.
* A pickup in farmer selling to the cash market was noted, a
trader said.
* For the month, most-active March canola lost 2.3 percent.
* March canola RSH6 shed $2.50 at $475.40 per tonne,
touching its lowest price since Nov 30. Lost 1.3 percent for the
week.
* May canola RSK6 gave up $2.30 at $485 per tonne.
* March-May canola spread traded a busy 9,204 times.
* Chicago March soybeans SH6 rose on short-covering,
bargain-buying.
* Malaysian April palm oil 1FCPOJ6 fell and NYSE Liffe
Paris May rapeseed COMK6 edged higher.
* The Canadian dollar CAD= was trading at $1.4023 to the
greenback, or 71.31 U.S. cents at 1:08 p.m. CST (1908 GMT),
higher than the Bank of Canada's official close of $1.4048, or
71.18 U.S. cents.
* Canada weekly canola crushings fell 13.3 percent OILS/CA

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