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ICE canola lower for 3rd session on sluggish exports, weaker U.S. soy

Published 2019-02-11, 03:49 p/m
ICE canola lower for 3rd session on sluggish exports, weaker U.S. soy
USD/CAD
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ICE
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Feb 11 (Reuters) - ICE (NYSE:ICE) canola futures closed lower on Monday for a third straight session on worries about sluggish export demand and spillover weakness from allied U.S. soy markets, traders said.

* March canola RSH9 settled down $3.60 at $479.70 per tonne.

* May canola RSK9 ended down $3.90 at $487.90 per tonne.

* The March-May canola spread RSH9-K9 narrowed to $8.20, premium May, after trading 7,932 times between $7.90 and $8.60 as speculators rolled short March positions forward.

* Chicago March soybeans SH9 ended down 9-1/2 U.S. cents at US$9.05 per bushel, while March soyoil BOH9 fell 0.63 U.S. cent to 30.24 U.S. cents per pound. SOY/C

* Paris Matif May rapeseed futures /COMK9 fell 0.47 percent and Malaysian April palm oil futures /1FCPOJ9 fell 1.05 percent. POI/

* The Canadian dollar CAD= was trading at $1.3300 to the U.S. dollar, or 75.19 U.S. cents at 2:40 p.m. CST (2040 GMT). CAD/

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