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ICE canola futures ease on surging Canadian dollar

Published 2019-01-30, 02:37 p/m
ICE canola futures ease on surging Canadian dollar
USD/CAD
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ICE
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WINNIPEG, Manitoba, Jan 30 (Reuters) - ICE (NYSE:ICE) canola futures eased on Wednesday, pressured by a surging Canadian dollar.

* The dollar's strength more than offset the otherwise bullish influence of a rally in soyoil, a trader said.

* The Canadian dollar touched an eight-week high after a Fed decision to leave rates unchanged. March canola RSH9 dipped 90 cents to $483.60 per tonne.

* March-May canola spread traded 7,575 times.

* Chicago March soybeans SH9 ended up slightly, focused on U.S.-China trade talks. Paris Matif May rapeseed futures /COMK9 and Malaysian April palm oil futures /1FCPOJ9 edged higher.

* The Canadian dollar CAD= was trading at $1.3208 to the U.S. dollar, or 75.71 U.S. cents at 12:55 p.m. CST (1855 GMT).

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