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Markets Print edition: 2020-07-30

Canadian canola futures fall

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By Reuters

WINNIPEG: ICE Canadian canola futures slipped on Tuesday, ending a three-day winning streak, pressured by weakness in soyaoil and palm oil.

Farmer canola sales and the resulting commercial hedges are also seen pressuring the market, offset somewhat by speculator buying, a trader said.

November canola lost $1.10 to $487.60 per tonne. It traded not far from its 18-month high of $489.50, reached on Monday.

November-January canola spread traded 1,763 times.

US soyabean futures sagged on favorable US weather.

Euronext November rapeseed futures rose modestly and Malaysian October palm oil futures dipped.

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