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Canadian canola futures fall

OTTAWA: ICE Canadian canola futures fell on Monday. There was a little bit of overnight buying, a trader said,...
Published Updated

OTTAWA: ICE Canadian canola futures fell on Monday.

There was a little bit of overnight buying, a trader said, followed by constant selling, in part because of a stronger Canadian dollar. Most actively traded July canola lost $4.00 cents at $457.10 per tonne.

New-crop November canola eased $3.90 cents to $466.10.

July-November canola spread traded 3,118 times. The Canadian dollar strengthened to a near three-month high against the greenback on Monday. US soyabean futures were narrowly mixed in choppy trade on Monday as brokers weighed pressure from rising US-China trade tensions against fresh US soyabean sales to the Asian country.

Copyright Reuters, 2020

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