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ICE Canada canola falls to nearly 2-week low

Published 2016-04-12, 02:40 p/m
ICE Canada canola falls to nearly 2-week low
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, April 12 (Reuters) - ICE Canada canola
futures fell on Tuesday to their lowest price in nearly two
weeks, pressured by a stronger Canadian dollar and weaker soyoil
prices.
* Canola's recent trend higher appears to be broken, and it
may drift lower now, a trader said.
* U.S. Department of Agriculture lowered its ending stocks
projection for soybeans more than expected, lending that oilseed
support.
* May canola RSv1 lost $5.70 at $473.90 per tonne.
* July canola RSN6 shed $5.80 to $479.50 per tonne.
* May-July canola spread traded 5,571 times.
* Chicago May soybeans SK6 rose on technical buying and
USDA's stocks view.
* Malaysian May palm oil 1FCPOK6 fell and NYSE Liffe May
rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.2764 to the
greenback, or 78.35 U.S. cents at 1:21 p.m. CDT (1821 GMT),
higher than Monday's close of $1.2899, or 77.53 U.S. cents.

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