Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

ICE Canada canola dips ahead of USDA report

Published 2015-11-09, 02:40 p/m
ICE Canada canola dips ahead of USDA report

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Nov 9 (Reuters) - ICE Canada canola
dipped on Monday, under pressure from weaker soy prices and soft
demand, ahead of a monthly U.S. crop report.
* Traders squared positions before Tuesday's release by the
U.S. Department of Agriculture of its supply and demand report.
* Canola seen with negative price bias through end of 2015
on ample supplies, an analyst said. But slow pace of farmer
selling after harvest underpins the market.
* Most-active January canola RSF6 shed $1.90 to $477.80
per tonne.
* March canola RSH6 lost $2.60 to $482.90 per tonne.
* January-March spread traded 2,822 times.
* Chicago January soybeans SF6 eased on positioning ahead
of the USDA report. urn:newsml:reuters.com:*:nC3N10M00M
* Malaysian January palm oil 1FCPOF6 rose and NYSE Liffe
Paris February rapeseed COMG6 fell.
* The Canadian dollar CAD= was trading at $1.3269, or
75.36 U.S. cents at 1:12 p.m. CST (1912 GMT), higher than the
Bank of Canada's official close on Friday of $1.3296, or 75.21
U.S. cents.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.