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ICE canola futures slip, following soy on beneficial US rains

Published 2019-08-19, 02:33 p/m
Updated 2019-08-19, 02:40 p/m
ICE canola futures slip, following soy on beneficial US rains

(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, Aug 19 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Monday, dragged lower by sliding soybean and corn prices that were weaker due to much-needed rains crossing dry areas of the U.S. Midwest.

* Canola's losses were more modest than those of soybeans and soyoil, as strong crush margins have underpinned demand.

* Volume was thin, with only about 7,600 contracts traded.

* November canola RSX9 lost $2.20 to $450.20 per tonne. The loss ended a three-day winning streak.

* November-January canola spread traded 701 times.

* Chicago November soybeans SX9 slid on beneficial U.S. weekend rains. GRA/

* Paris Matif November rapeseed futures /COMX9 and Malaysian October palm oil futures /FCPOV9 fell.

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