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ICE Canada canola falls on commercial hedge pressure

Published 2015-10-22, 02:38 p/m
ICE Canada canola falls on commercial hedge pressure

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Oct 22 (Reuters) - ICE Canada canola
dipped on Thursday, pressured by commercial hedge pressure and
weaker soybeans.
* The market has also been weighed down by larger than
expected canola supplies and slow demand, a trader said.
* November canola RSX5 lost $2.10 to $474.40 per tonne.
* January canola RSF6 gave up $1.20 to $481.20 per tonne.
* November-January spread traded 5,769 times.
* Chicago November soybeans SX5 fell on profit-taking and
technical selling. urn:newsml:reuters.com:*:nC3N10M007
* Malaysian November palm oil 1FCPOX5 edged higher and
NYSE Liffe Paris November rapeseed COMX5 eased.
* The Canadian dollar CAD= was trading at $1.3108, or
76.29 U.S. cents at 12:54 p.m. CDT (1754 GMT), higher than
Wednesday's official close of $1.3137, or 76.12 U.S. cents.
* Saskatchewan harvest nearly complete. GRO/SAS

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