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ICE canola futures slide on technical selling, crude oil selloff

Published 2018-11-13, 02:46 p/m
© Reuters.  ICE canola futures slide on technical selling, crude oil selloff
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WINNIPEG, Manitoba, Nov 13 (Reuters) - ICE (NYSE:ICE) canola futures slipped on Tuesday, pressured by technical selling and as a plunge in crude oil weighed down oilseeds.

* Commercial hedge pressure seen as light, as farmers backed off on deliveries to grain elevators, a trader said.

* Most-active January canola RSF9 lost $1.60 to $480.80.

* Chicago January soybeans SF9 dipped on technical selling and crude oil weakness. February Paris Matif rapeseed futures /COMG9 and Malaysian December palm oil futures /1FCPOX8 fell.

* The Canadian dollar CAD= was trading at $1.3251 to the U.S. dollar, or 75.47 U.S. cents at 12:33 p.m. CST (1833 GMT).

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