WINNIPEG: ICE Canada canola futures dove to a fourth straight loss on Monday, following grains down as worries about debt crises in Europe and the United States hit commodities and equities.
* Technical selling may have added to weakness, but the day's low didn't penetrate January support at $511.50.
* Lack of crusher buying, after recent purchases, and modest commercial hedges seen adding to negative tone, even with Canadian dollar sharply lower.
* January canola futures lost $6.20 or 1.2 percent at $512.50 on volume of 8,777 contracts.
* March tumbled $6.60 at $518.10 on volume 4,076.
* Chicago January soybeans lost 20-1/4 US cents or 1.7 percent to US$11.48 per bushel, pressured by increasing concerns about the euro debt crisis and potential failure of a US debt reduction plan.
* MATIF February rapeseed fell 1.3 percent.
* The Canadian dollar was trading at $1.0382 or 96.32 US cents, down from Friday's North American session close at $1.0272, or 97.35 US cents.
* US crude oil fell 0.8 percent at US$96.92 per barrel. [O/R]
* ICE Canada restores margins after temporary cut.
* COFCO now China's leading rapeseed processor - Xinhua.
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