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ICE Canada canola futures slip on soyoil weakness, profit-taking

Published 2018-07-23, 02:40 p/m
ICE Canada canola futures slip on soyoil weakness, profit-taking
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WINNIPEG, Manitoba, July 23 (Reuters) - ICE Canada canola futures dipped on Monday, dragged down by weaker soyoil prices and profit-taking.

* Canola prices are underpinned by a patchy crop in parts of Western Canada, a trader said. Cooler, wetter weather recently is seen as favorable.

* November canola RSX8 fell $3.60 at $486.70 per tonne.

* The November-January canola spread traded 1,542 times.

* Chicago August soybeans SQ8 dipped on U.S.-China trade concerns. November Paris Matif rapeseed futures /COMX8 and Malaysian October crude palm oil 1FCPOV8 slipped.

* The Canadian dollar CAD= was trading at $1.3174 to the U.S. dollar, or 75.91 U.S. cents at 1:16 p.m. CDT (1816 GMT).

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