ICE Canadian canola futures fell on Thursday in sympathy with soybeans, continuing a steady slide as Western Canada planting wraps up. Nearby July canola has settled lower six of the last seven sessions. Most-active November contract seen vulnerable to fund long liquidation, trading around the 50-day moving average.
July canola slid $2.60 to $599.90 per tonne on volume of 1,461 contracts at 9:16 am CDT (1416 GMT). New-crop November canola lost $3.30 to $553.50 per tonne on volume of 3,150 contracts. Chicago July soybeans shed 15-3/4 US cents to US $15.26 per bushel. MATIF Paris August rapeseed dipped 0.5 percent at 9:08 am CDT (1408 GMT). Malaysian August palm oil dropped 1.1 percent.
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