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ICE Canada canola futures slide on weak soy, stronger dollar

Published 2018-05-30, 04:30 p/m
ICE Canada canola futures slide on weak soy, stronger dollar
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CALGARY, Alberta, May 30 (Reuters) - ICE Canada canola futures slipped on Wednesday, weighed down by weaker soybean prices and sharp gains in the Canadian dollar.

* Canola's losses were limited by concerns about hot, dry weather on the Canadian Prairies, a trader said.

* July canola RSN8 lost $2.10 to $535.70 per tonne.

* New-crop November canola RSX8 gave up $2.10 at $525 per tonne.

* The July-November canola spread traded 1,950 times.

* Chicago Board of Trade July soybeans SN8 fell on technical selling and concerns about China trade tensions. August Paris Matif rapeseed futures /COMQ8 slipped.

* The Canadian dollar CAD= was trading at $1.2877 to the U.S. dollar, or 77.66 U.S. cents at 3:16 p.m. CDT (2016 GMT).

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