ICE Canadian canola futures fell on Wednesday for the sixth straight session, extending the longest skid in more than a year under pressure from technical selling and a lack of buying in thin overall volume. January canola traded below a previous support level of $420, touching its lowest price in more than five weeks.
Trade expects Statistics Canada to raise its canola production estimate on Thursday by 4 percent. January canola shed $4.60 to $412.30 per tonne. Chicago Board of Trade January soybeans rose 2-1/2 US cents to US $9.98-1/4 per bushel. Malaysian January palm oil gained 1.8 percent.
Comments
Comments are closed.