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ICE Canada canola slips, loses 4 pct for week

Published 2016-02-26, 02:55 p/m
ICE Canada canola slips, loses 4 pct for week
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Feb 26 (Reuters) - ICE Canada canola
futures slipped on Friday, adding to a 4 percent weekly loss due
to concerns about Chinese demand and technical selling.
* The weekly loss for the nearby contract is canola's
biggest since September.
* Canola has been pressured by concerns about China imposing
a new dockage standard on Canadian shipments.
* The selloff this week has been overdone and canola is due
for a rebound as long as influential soybeans remain steady, a
trader said.
* China is also pushing for tougher standards on Australian
canola, sources said on Friday.
* March canola RSH6 shed 80 cents at $447 per tonne.
* Most-active May canola RSK6 eased 40 cents at $452.80
per tonne.
* March-May canola spread traded 1,625 times.
* Chicago March soybeans SH6 dipped on technical selling.

* Malaysian May palm oil 1FCPOK6 and NYSE Liffe Paris May
rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.3512 to the
greenback, or 74.01 U.S. cents, at 1:13 p.m. CST (1913 GMT),
higher than Thursday's official close of $1.3541, or 73.85 U.S.
cents.
* Canada weekly canola crushings rose 3.1 percent OILS/CA

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