ICE Canadian canola futures fell on Thursday, pressured by a decline in US soyabeans but the drop was limited due to slow farmer selling, traders said. * Producer sales were expected to be light until harvest of what is expected to be a record crop starts in a few weeks, a trader said. Traders said volume was light.
Chicago Board of Trade soyabeans fell for the third day in a row on Thursday due to profit taking and signs of slow export demand. November canola lost $6.80 to $613.20 per tonne on volume of 6,323 contracts. January shed $7.10 to $615.00 per tonne on volume of 1,691. November-January spread narrowed 30 cents to a January premium of $1.80, trading 1,450 times.
Chicago Board of Trade September soyabeans lost 15-1/4 US cents to US $16.23-1/2 per bushel. MATIF November rapeseed slipped 1.1 percent, while Malaysian August palm oil lost 0.4 percent. Canadian dollar was trading at $1.0071 against the US dollar or 99.30 US cents at 3:08 pm CDT (2008 GMT), down from Wednesday close at $1.0053 against the greenback, or 99.47 US cents.