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Markets

ICE canola falls to fifth straight loss in thin trade

Published Updated

 WINNIPEG: ICE Canada canola futures slipped on Monday to their fifth straight decline, trading in thin volume with US markets closed for a holiday.

* Total volume of 3,160 contracts was lowest in 7-1/2 months, but heavier than during the same holiday trading session a year ago.

* March canola futures lost 10 cents to $515.00 a tonne on light volume of 1,501 contracts.

* May futures lost 10 cents to $519.10 on volume of 852 contracts.

* May-July was most active spread, trading 584 times, settling at a July premium of $2.60.

* MATIF February rapeseed slipped slightly.

* The Canadian dollar was trading at $1.0177 against the US dollar or 98.26 US cents at 1:15 p.m. CST (1915 GMT), up from the currency's North American finish on Friday at C$1.0227 per US dollar, or 97.78 US cents.

* Little rain this week for parched Argentine corn.

Copyright Reuters, 2012

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