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ICE Canada canola tumbles on China demand concerns

Published 2015-08-26, 02:35 p/m
ICE Canada canola tumbles on China demand concerns

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 26 (Reuters) - ICE Canada canola
fell nearly 2 percent on Wednesday on concerns about weaker
Chinese demand, a sentiment that also dragged other commodities
lower.
* Wall Street advanced on Wednesday while commodities fell
as investors balanced strong U.S. economic data and policy
comments with fears about China's slowing economy.
MKTS/GLOB ID:nL1N1111FU
* Most-active November canola RSX5 lost $7.70 or 1.6
percent to $469.70 per tonne.
* January canola RSF6 gave up $6.50 to $474.20 per tonne.
* November-January spread traded about 2,900 times.
* Chicago September soybeans SU5 fell on fund-selling and
concerns about Chinese demand. ID:nC3N0XP01O
* Malaysian November palm oil 1FCPOX5 fell 2 percent and
NYSE Liffe Paris November rapeseed COMX5 dropped 1 percent.
* The Canadian dollar CAD= was trading at $1.3323, or
75.06 U.S. cents at 1:17 p.m. CDT (1817 GMT), higher than the
Bank of Canada's official close of C$1.3346, or 74.93 U.S.
cents.

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