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ICE canola futures ease, traders await U.S.-China meeting

Published 2018-11-29, 02:33 p/m
ICE canola futures ease, traders await U.S.-China meeting
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WINNIPEG, Manitoba, Nov 29 (Reuters) - ICE (NYSE:ICE) canola futures eased on Thursday, as traders said they awaited clarity on U.S. soybean trade with China.

* Canola trading was almost flat as traders awaited a meeting Friday or Saturday between the leaders of the United States and China at the G20 Summit, a trader said.

* Statistics Canada will release crop production estimates on Dec. 6. Traders expect it to estimate canola output at 20.8 million tonnes, down from September estimate of 21 million, according to a Reuters survey. January canola RSF9 lost 70 cents to $478.50.

* March canola RSH9 shed 50 cents to $486.20.

* Chicago January soybeans SF9 ended slightly lower on positioning ahead of the G20 Summit. February Paris Matif rapeseed futures /COMG9 eased and Malaysian February palm oil futures /1FCPOG9 rose.

* The Canadian dollar CAD= was trading at $1.3275 to the U.S. dollar, or 75.33 U.S. cents, at 1:09 p.m. CST (1909 GMT).

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