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ICE canola futures sag, post yearly loss

Published 2018-12-31, 02:43 p/m
ICE canola futures sag, post yearly loss
USD/CAD
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ICE
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RSc1
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WINNIPEG, Manitoba, Dec 31 (Reuters) - ICE (NYSE:ICE) canola futures eased on Monday, and posted a loss for the year, as North American oilseeds face export competition early in 2019 from South American supplies.

* The nearby canola contract RSc1 , on a continuous basis, lost 1.5 percent in 2018, its second straight yearly decline.

* Most-active March canola RSH9 dipped 40 cents to $484.20 per tonne, in thin trade with many traders on holidays.

* March-May canola spread traded nearly 600 times.

* Chicago January soybeans SF9 dipped on technical selling. February Paris Matif rapeseed futures /COMG9 rose and Malaysian March palm oil futures /1FCPOH9 closed slightly lower.

* The Canadian dollar CAD= was trading at $1.3647 to the U.S. dollar, or 73.28 U.S. cents at 12:50 p.m. CST (1850 GMT).

* ICE canola futures will not trade during normal hours on Tuesday, the New Year's holiday.

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