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ICE canola futures slip with soy as buying cools

Published 2019-02-19, 03:01 p/m
ICE canola futures slip with soy as buying cools
USD/CAD
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ICE
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WINNIPEG, Manitoba, Feb 19 (Reuters) - ICE (NYSE:ICE) canola futures dipped on Tuesday, in line with declines in U.S. soybeans and soyoil prices.

* Buying for canola has cooled and technical weakness has also caused some large investors to short the market, traders said.

* March canola RSH9 lost $2.10 to $473.70 per tonne.

* May canola RSK9 gave up $2.50 to $482.30 per tonne.

* March-May canola spread traded 8,582 times.

* Chicago March soybeans SH9 slipped on export competition from South America. Paris Matif May rapeseed futures /COMK9 eased and Malaysian May palm oil futures /1FCPOK9 dropped.

* The Canadian dollar CAD= was trading at $1.3253 to the U.S. dollar, or 75.45 U.S. cents at 12:58 p.m. CST (1858 GMT).

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