ICE Canadian canola futures traded mostly lower on Tuesday as traders squared month-end positions and funds and farmers sat on the sidelines, traders said. Farmers not selling into cash market with wet turn in the weather, easing hedge pressure-trader. US grain and soya markets, which influence canola, also volatile.
CBOT September soyabeans, ended down 10 US cents at US $10.08 per bushel. September soyaoil down 0.47 US cent per lb to 39.48 US cents per lb. November closed down 70 cents at $462 a tonne, on volume of 7,681 contracts, snapping 6-day winning streak. Ends month up 0.5 percent. January down 60 cents at $466.60, volume 1,131. Back months positive.
November-January spread traded 902 times, settling at $4.60 premium January. The Canadian dollar was trading at $1.0643 to the US dollar, or 93.96 US cents as of 1 pm CDT (1800 GMT), down from Monday's close at $1.0605 to the US dollar, or 94.30 US cents.
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