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ICE canola futures rise slightly, halt skid

Published 2018-12-17, 02:45 p/m
ICE canola futures rise slightly, halt skid

WINNIPEG, Manitoba, Dec 17 (Reuters) - ICE (NYSE:ICE) canola futures edged higher on Monday, halting a four-day skid on weakness in the Canadian dollar and strength in soybeans.

* Trade was light as the holiday season approaches, a trader said.

* January canola RSF9 gained 60 cents to $478.40 per tonne.

* Most-active March canola RSH9 added 30 cents to $485.50.

* Chicago January soybeans SF9 rose on hopes of more sales to China. February Paris Matif rapeseed futures /COMG9 and Malaysian February palm oil futures /1FCPOG9 dipped.

* The Canadian dollar CAD= was trading at $1.3405 to the U.S. dollar, or 74.60 U.S. cents, at 12:50 p.m. CST (1850 GMT). A weaker dollar makes Canadian commodities more attractively priced in global markets.

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