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ICE canola futures fall, track soybean oil lower

Published 2019-09-19, 05:02 p/m
ICE canola futures fall, track soybean oil lower
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(All figures in Canadian dollars unless noted)

CALGARY, Alberta, Sept 19 (Reuters) - ICE (NYSE:ICE) Canada canola futures fell on Thursday amid muted trading volumes:

* The benchmark November canola futures contract RSX9 closed $1.40 lower at $450.90 per tonne.

* Canola prices are taking their cue from soybean oil, one industry source said, adding the Canadian canola harvest is very slow but export demand is also limited.

* The November-January RSX9-F0 canola spread traded 4,022 times, closing at a $8.70 January premium, widening from $8.50 a day earlier. The January-March spread RSF0-H0 traded 2,834 times.

* Chicago Board of Trade November soybeans SX9 settled 4-1/4 U.S. cents higher at US$8.93 a bushel on better-than-expected export sales. October soybean oil BOV9 fell 0.06 U.S. cent to settle at 29.81 cents per pound. SOY/C

* The Canadian dollar gained against its U.S. counterpart. CAD/

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