WINNIPEG: ICE Canada canola futures slipped on Thursday to their biggest daily loss in 10 days, as fresh concerns about global growth drove investors away from most commodities and stocks.
* Canola's losses were relatively modest, with the crop seen as underpinned by limited farmer selling, crusher demand and a weakening Canadian dollar, which makes Canadian exports more competitive.
* Total volume of 7,400 was second-lowest in six weeks as investors stayed on sidelines amid broad markets plunge.
* Canola seen with no clear direction from fundamentals. Swathing of canola in Saskatchewan 12 percent complete as of Aug. 15, overall harvest slightly behind schedule.
* November canola futures lost $4.10 or 0.7 percent at $553.50 per tonne on volume of 5,149 contracts.
* January canola dropped $4.10 at $561.90 on volume of 1,328 contracts.
* November-January spread traded 1,237 times, settling at a January premium of $8.40.
* Chicago September soybean slipped 4-3/4 US cents to US$13.52 per bushel, weakened by global growth concerns and a strong US dollar. [
* MATIF November rapeseed settled down 1.1 percent.
* The Canadian dollar was trading around $0.9899 to the US dollar, or US$1.0102 at 1:27 p.m. CDT (1827 GMT), down from Wednesday's close at $0.9797 to the US dollar, or US$1.0207.
* NYMEX crude oil settled down 5.9 percent at US$82.38 per barrel on worries about euro zone debt problems, weak US jobs data and a slower global growth outlook.
* Trade awaiting next Wednesday's Statistics Canada report, the government agency's first forecast of crop production based on a farmer survey.
* Light rains for most of US soy and corn crops.
Copyright Reuters, 2011
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