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ICE canola futures drop on concerns about U.S.-China trade talks

Published 2019-09-20, 04:18 p/m
© Reuters.  ICE canola futures drop on concerns about U.S.-China trade talks
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CALGARY, Alberta, Sept 20 (Reuters) - ICE (NYSE:ICE) Canada canola futures fell on Friday, tracking other commodities lower on pessimism about a breakthrough in trade talks between China and the United States:

* The benchmark November canola futures contract RSX9 closed $3.50 lower at $447.40 per tonne.

* Canola prices fell along with other commodities on news that Chinese officials had canceled a visit to farms in Nebraska and Montana next week. Officials are meeting in Washington this week for deputy-level talks aimed at moving toward a trade war resolution. The November-January RSX9-F0 canola spread traded 3,186 times, closing at a $8.40 January premium, narrowing from $8.70 a day earlier. The January-March spread RSF0-H0 traded 1,070 times.

* Chicago Board of Trade November soybeans SX9 settled 10-1/4 U.S. cents higher at US$8.82-3/4 a bushel. SOY/C

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