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ICE Canada canola falls to 2-month low after USDA report

Published 2015-11-10, 03:04 p/m
ICE Canada canola falls to 2-month low after USDA report

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Nov 10 (Reuters) - ICE Canada canola
dropped on Tuesday to a two-month low, pressured with other crop
prices by a bearish U.S. government report, and technical
selling.
* U.S. Department of Agriculture (USDA) raised its already
robust outlook for 2015 domestic soybean production and yield to
record levels. urn:newsml:reuters.com:*:nL1N1351RJ
* Funds sold an estimated 3,000 January canola contracts
after it broke below its recent trading range, breaching its
50-day and 200-day moving averages, a trader said.
* Most-active January canola RSF6 shed $9.80 to $468 per
tonne.
* March canola RSH6 lost $8.70 to $474.20 per tonne.
* January-March spread traded 4,600 times.
* Chicago January soybeans SF6 dropped on the USDA's U.S.
production and stocks views. urn:newsml:reuters.com:*:nC3N11K014
* NYSE Liffe Paris February rapeseed COMG6 eased.
* The Canadian dollar CAD= was trading at $1.3257, or
75.43 U.S. cents at 12:53 p.m. CST (1853 GMT), higher than the
Bank of Canada's official close of $1.3275, or 75.33 U.S. cents
on Monday.
* ICE Futures Canada will be closed on Wednesday for
Canadian holiday.

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