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ICE Canada canola falls after 5-day streak of gains

Published 2015-08-05, 02:33 p/m
ICE Canada canola falls after 5-day streak of gains

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 5 (Reuters) - ICE Canada canola
futures fell on Wednesday, snapping a five-day streak of gains
that was its longest since May.
* The market was likely overdone to the upside, a trader
said. Recent rains in Alberta may stabilize the crop, he said.
* November canola RSX5 lost $4 to $502 per tonne.
* January canola RSF6 shed $2.90 to $500.30 per tonne.
* November-January spread traded 2,031 times.
* Chicago November soybeans SX5 rose on U.S. weather
worries and positioning ahead of next week's U.S. Department of
Agriculture reports. ID:nC3N0Y4026
* Malaysian October palm oil 1FCPOV5 fell and NYSE Liffe
Paris November rapeseed COMX5 rose.
* The Canadian dollar CAD= was trading at $1.3179, or
75.88 U.S. cents at 1 p.m. CDT (1800 GMT), little changed from
the Bank of Canada's official close on Tuesday of $1.3180, or
75.87 U.S. cents.

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