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ICE Canada canola mostly dips on spread trades

Published 2015-08-25, 02:35 p/m
ICE Canada canola mostly dips on spread trades

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 25 (Reuters) - ICE Canada canola
mostly dipped on Tuesday, as the nearby contract weakened in
spread trading.
* A trader said investors may have sold November canola and
bought soyoil and soymeal contracts, as canola had become pricey
compared to the rival commodities.
* Inter-month canola contract spreading also was active,
with the November-January spread trading about 5,900 times.
* Deferred canola months rose with a broader market rebound
and support from a weaker Canadian dollar.
* Most-active November canola RSX5 lost 30 cents to
$477.40 per tonne.
* January canola RSF6 gained $2.50 to $480.70 per tonne.
* Chicago September soybeans SU5 rose on bargain-buying.
* Malaysian November palm oil 1FCPOX5 dipped and NYSE
Liffe Paris November rapeseed COMX5 rose.
* The Canadian dollar CAD= was trading at $1.3331, or
75.01 U.S. cents, at 1:07 p.m. CDT (1807 GMT), down from the
Bank of Canada's official close of $1.3262, or 75.40 U.S. cents,
on Monday.

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