WINNIPEG: ICE Canada canola futures eased on Wednesday for the first time in five sessions, as buying interest dried up with prices near contract highs, traders said.
* Canola outperformed soybeans a day earlier and Wednesday's slip was seen as a modest correction.
* Crusher buying eased with profit margins sliding.
* May canola slipped $1.70 at $623.50 per tonne on volume of 6,988 contracts.
* July canola lost $2.20 to $618.00 per tonne on volume of 7,848 contracts.
* May-July spread traded 4,830 times, settling at a May premium of $5.50. July-November spread widened to a July premium of $37.80, trading 1,742 times.
* Chicago May soybeans lost 4 US cents to US$14.22 per bushel. May soyoil slipped 0.52 cent to 56.45 US cents per lb.
* MATIF May rapeseed eased 0.8 per cent.
* The Canadian dollar was trading at $1.0036 against the US dollar or 99.64 US cents at 1:46 p.m. CDT (1846 GMT), up from Tuesday's North American close at C$1.0041 versus the US dollar, or 99.59 US cents.
* US light crude oil rose 1.7 percent at $102.70 per barrel.
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