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ICE canola weakens after four session winning streak

Published 2018-07-20, 03:10 p/m
Updated 2018-07-20, 03:20 p/m
ICE canola weakens after four session winning streak

CHICAGO, July 20 (Reuters) - ICE Canada canola futures 0#RS: eased on Friday, falling on some light profit-taking after four straight days of gains, traders said.

* Some rain across key growing areas also pressured the market.

* A firm dollar added to the bearish tone.

* Traders said that volumes were light.

* November canola RSX8 settled down $3.00 at $490.30 per tonne, with only 7,707 contracts trading.

* The November-January spread RSX8-F9 traded 1,592 times.

* U.S. soybean futures rose on technical buying on Friday, their fifth straight day of gains.

* The Canadian dollar extended gains against the U.S. dollar on Friday after data showed Canada's annual inflation rose last month to its highest in more than six years. November Paris Matif rapeseed futures COMX8 dropped 0.48 percent, while Malaysian October crude palm oil 1FCPOV8 gained 0.05 percent.

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