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ICE canola futures slip on faltering demand

Published 2019-01-29, 02:33 p/m
ICE canola futures slip on faltering demand
USD/CAD
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ICE
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WINNIPEG, Manitoba, Jan 29 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Tuesday, pressured by a lack of demand and as funds maintained short positions.

* Trading volume was light with selling mainly at the high end of the day's trading range, a trader said.

* March canola RSH9 lost $2 to $484.50 per tonne.

* March-May canola spread traded 1,804 times.

* Chicago March soybeans SH9 fell on worries ahead of U.S.-China talks. Paris Matif May rapeseed futures /COMK9 and Malaysian April palm oil futures /1FCPOJ9 slipped.

* The Canadian dollar CAD= was trading at $1.3268 to the U.S. dollar, or 75.37 U.S. cents, at 12:53 p.m. CST (1853 GMT).

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