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ICE canola futures approach one-month low

Published 2018-12-24, 02:46 p/m
ICE canola futures approach one-month low
ICE
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CHICAGO, Dec 24 (Reuters) - ICE (NYSE:ICE) canola futures slid on Monday under pressure from weakness in U.S. soyoil futures, traders said.

* January canola RSF9 lost $0.60 to $473.80 per tonne. The contract traded to its lowest price since Nov. 28.

* Most-active March canola RSH9 shed $0.80 at $483.50.

* Commercial traders were exiting the January contract before it expires and rolling positions into the March contact, a trader said.

* Chicago January soybeans SF9 fell on disappointment over a lack of demand from China, following a truce in the trade war between the world's two largest economies. Soyoil futures also dropped.

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