ICE canola futures slip on lack of buying interest
Published Feb 08, 2019 14:34
ICE canola futures slip on lack of buying interest
WINNIPEG, Manitoba, Feb 8 (Reuters) - ICE (NYSE:ICE) canola futures slipped on Friday for a second straight day, pressured by a lack of buying interest.
* Trading volume was large, focused on inter-month spreading.
* March canola RSH9 lost 90 cents to $483.30 per tonne.
* Most-active May canola RSK9 shed $1.10 to $491.80 per tonne.
* March-May canola spread traded 12,271 times.
* Chicago March soybeans SH9 finished higher on short-covering. Paris Matif May rapeseed futures /COMK9 eased and Malaysian April palm oil futures /1FCPOJ9 fell.
* The Canadian dollar CAD= was trading at 1.3273 to the U.S. dollar, or 75.45 U.S. cents, at 12:58 p.m. CST (1858 GMT).
* A U.S. Department of Agriculture report that said U.S. soybean supplies as of Dec. 1 were the biggest on record as demand fizzled amid a trade war between the United States and China.
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Written By: Reuters
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