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ICE Canada canola falls with soybeans, better weather

Published 2016-05-24, 02:41 p/m
ICE Canada canola falls with soybeans, better weather

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 24 (Reuters) - ICE Canada canola
futures fell on Tuesday, taking into account weakness in
soybeans and improving growing conditions for Canadian canola.
* Recent rains were seen as favorable for crops in Alberta.
* ICE Futures Canada was closed on Monday for a Canadian
holiday, while U.S. markets traded. Soybeans fell 1.5 percent
that day, and rival oilseed canola's drop on Tuesday was partly
to keep prices in line, a trader said.
* July canola RSN6 lost $6.20 to $519.80 per tonne.
* November canola RSX6 gave up $7.90 at $516.90 per tonne.

* July-November canola spread traded 3,260 times.
* Chicago July soybeans SN6 fell on technical selling.

* NYSE Liffe August rapeseed COMQ6 and August Malaysian
palm oil 1FCPOQ6 rose.
* The Canadian dollar CAD= was trading at $1.3156 to the
greenback, or 76.01 U.S. cents at 12:56 p.m. CDT (1756 GMT),
lower than Friday's close at $1.3124 to the greenback, or 76.20
U.S. cents.

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