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ICE canola futures dip in light trading on U.S. holiday

Published 2020-11-26, 02:52 p/m

(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, Nov 26 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Thursday, pulling back from the recent oilseed rally in light trading as U.S. markets were closed for the Thanksgiving holiday.

* Canola dipped on weakness in palm and rapeseed markets and expectations of selling on Friday in U.S. agriculture markets, a broker said.

* January canola RSF1 lost $1.50 to $577.40 per tonne.

* January-March canola spread traded 581 times.

* Trade expects Statistics Canada on Dec. 3 to slightly reduce its canola production estimate to 19.3 million tonnes from 19.4 million in October. Euronext February rapeseed futures /COMG1 and Malaysian February palm oil futures /FCPOG1 dropped.

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