WINNIPEG: ICE Canada canola futures slipped on Wednesday, as late commercial selling wiped out earlier gains built on strength in soybeans, traders said.
* Farmer selling seen picking up in the new year, triggering commercial hedges. Technical buying drying up as canola backs off Tuesday's six-week high - trader.
* Most-active March canola futures lost $1.10 to $525.60 a tonne on volume of 5,226 contracts. First decline in three sessions.
* May fell $1.90 to $528.80 on volume of 1,542 contracts.
* 237 contracts of nearby January delivered on Wednesday.
* March-May spread traded 933 times, settling at a May premium of $3.20.
* Chicago March soybeans added 2-1/2 US cents to US$12.30 per bushel on worries about the heat-stressed Argentine soybean crop. March soyoil slipped 0.08 cent to 53.03 US cents per lb.
* MATIF February rapeseed gained 0.5 percent.
* The Canadian dollar was trading at $1.0134 against the US dollar or 98.68 US cents at 1:15 p.m. CST (1915 GMT), down from Tuesday's close at $1.0110 to the US dollar, or 98.91 US cents.
* US crude oil futures gained 0.3 percent to US$103.22 per barrel.
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