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ICE canola futures dip with soyoil

Published 2018-12-20, 02:31 p/m
ICE canola futures dip with soyoil
ICE
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WINNIPEG, Manitoba, Dec 20 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Thursday, pressured by weakness in soyoil after three straight gains.

* Commercial hedges also applied pressure, as farmers had stepped up sales to the cash market after canola's earlier price rally, a trader said.

* January canola RSF9 lost $3 to $477.40 per tonne.

* Most-active March canola RSH9 shed $2.70 to $485.80.

* January-March canola spread traded 6,405 times, as investors rolled positions forward.

* Chicago January soybeans SF9 dipped as improving South American weather stoked oversupply concerns. February Paris Matif rapeseed futures /COMG9 and Malaysian February palm oil futures /1FCPOG9 slipped.

* The Canadian dollar CAD= was trading at $1.3520 to the U.S. dollar, or 73.96 U.S. cents at 12:56 p.m. CST (1856 GMT).

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