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ICE Canada canola futures slip with soyoil

Published 2018-05-25, 02:34 p/m
Updated 2018-05-25, 02:40 p/m
ICE Canada canola futures slip with soyoil

WINNIPEG, Manitoba, May 25 (Reuters) - ICE Canada canola futures slipped on Friday, pressured by weakness in soyoil.

* Canola was underpinned by concerns about dry conditions in Western Canada and supportive weakness in the Canadian dollar, a trader said.

* Technical-trading funds hold an estimated July net long position of 20,000 contracts.

* July canola RSN8 shed 90 cents to $538.10 per tonne.

* New-crop November canola RSX8 lost 70 cents at $525.30 per tonne.

* The July-November canola spread traded 2,353 times.

* Chicago July soybeans SN8 rose on Chinese demand. August Paris Matif rapeseed futures /COMQ8 edged higher and July Malaysian palm oil 1FCPON8 fell.

* The Canadian dollar CAD= was trading at $1.2975 to the U.S. dollar, or 77.07 U.S. cents at 12:36 p.m. CDT (1736 GMT).

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