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ICE Canada canola falls with soybeans, hurt by strong Canadian dollar

Published 2015-10-08, 02:33 p/m
© Reuters.  ICE Canada canola falls with soybeans, hurt by strong Canadian dollar

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Oct 8 (Reuters) - ICE Canada canola fell
on Thursday, under pressure from weaker soybean prices and a
strengthening Canadian dollar.
* Traders await Friday's U.S. Department of Agriculture
report.
* Funds seen holding large short position in November
canola. A move above $480 expected to trigger short-covering.
* November canola RSX5 lost $4.40 to $470.10 per tonne.
* January canola RSF6 gave up $4.40 to $475 per tonne.
* November-January spread traded 3,456 times.
* Chicago November soybeans SX5 dropped on harvest
pressure. urn:newsml:reuters.com:*:nC3N0XP02L
* Malaysian November palm oil 1FCPOX5 fell and NYSE Liffe
Paris November rapeseed COMX5 eased.
* The Canadian dollar CAD= was trading at $1.2989, or
76.99 U.S. cents at 1:04 p.m. CDT (1804 GMT), higher than the
Bank of Canada's official close of $1.3065, or 76.54 U.S. cents
on Wednesday.
* Saskatchewan harvested 81 percent of canola, the
provincial government said. GRO/SAS

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