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ICE canola futures slip on large supplies, weaker soyoil

Published 2020-10-02, 02:50 p/m
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(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, Oct 2 (Reuters) - ICE (NYSE:ICE) canola futures slipped on Friday, pressured by large commercial supplies and weaker soyoil prices.

* Canola prices are vulnerable with funds holding large long positions, but a slightly weaker Canadian dollar supported prices, a trader said.

* November canola RSX0 dipped 20 cents to $517.10 per tonne.

* In the Canadian province of Alberta, 53% of canola was harvested as of Tuesday. GRO/ALB

* November-January canola spread traded 4,541 times.

* U.S. corn and soybean futures fell on expectations of a busy harvest weekend in the heart of the Corn Belt. GRA/

* Euronext November rapeseed futures /COMX0 edged higher and Malaysian December palm oil futures /FCPOZ0 plunged.

* Autumn showers in Europe should boost growth of rapeseed crops but have come too late to prevent an area decline in France.

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