AIRLINK 60.70 Decreased By ▼ -0.27 (-0.44%)
BOP 6.30 Increased By ▲ 0.01 (0.16%)
CNERGY 4.39 Increased By ▲ 0.06 (1.39%)
DFML 16.19 Increased By ▲ 0.33 (2.08%)
DGKC 70.20 Increased By ▲ 0.90 (1.3%)
FCCL 18.02 Decreased By ▼ -0.18 (-0.99%)
FFBL 26.50 Increased By ▲ 0.25 (0.95%)
FFL 9.25 Increased By ▲ 0.02 (0.22%)
GGL 10.30 Increased By ▲ 0.05 (0.49%)
HBL 115.00 Decreased By ▼ -2.00 (-1.71%)
HUBC 115.55 Increased By ▲ 1.07 (0.93%)
HUMNL 7.08 Increased By ▲ 0.15 (2.16%)
KEL 5.00 Increased By ▲ 0.11 (2.25%)
KOSM 5.45 Increased By ▲ 0.12 (2.25%)
MLCF 38.83 Increased By ▲ 0.33 (0.86%)
OGDC 125.61 Increased By ▲ 1.64 (1.32%)
PAEL 21.90 Increased By ▲ 0.05 (0.23%)
PIAA 12.80 Increased By ▲ 1.00 (8.47%)
PIBTL 6.22 Increased By ▲ 0.12 (1.97%)
PPL 116.50 Increased By ▲ 2.75 (2.42%)
PRL 28.36 Increased By ▲ 0.06 (0.21%)
PTC 12.25 Increased By ▲ 0.80 (6.99%)
SEARL 52.25 Decreased By ▼ -0.05 (-0.1%)
SNGP 67.70 No Change ▼ 0.00 (0%)
SSGC 11.44 Increased By ▲ 0.11 (0.97%)
TELE 8.23 Increased By ▲ 0.38 (4.84%)
TPLP 11.62 Increased By ▲ 0.04 (0.35%)
TRG 72.00 Increased By ▲ 0.19 (0.26%)
UNITY 24.05 Increased By ▲ 0.95 (4.11%)
WTL 1.35 Increased By ▲ 0.06 (4.65%)
BR100 6,783 Increased By 66.1 (0.98%)
BR30 22,889 Increased By 372.5 (1.65%)
KSE100 65,871 Increased By 545.3 (0.83%)
KSE30 22,374 Increased By 227.9 (1.03%)

WINNIPEG, (Manitoba): ICE canola futures tumbled on Tuesday as the main contract dipped below key price levels and triggered technical selling.

March canola lost $17 or 2% to settle at $841.60 per tonne. March touched its lowest price since Dec. 20. The contract slipped below its 50-day and 100-day moving averages, causing trend-following investors to accelerate selling, a trader said. Canola prices are likely to rise into spring, as they normally do, amid tight Canadian supplies, said LeftField Commodity Research analyst Chuck Penner, speaking at the Crop Production Week conference.

March-May canola spread, the most active inter-month spread, traded 5,224 times.

US soybean futures dipped and traders were squaring positions ahead of US Department of Agriculture (USDA) crop data on Thursday. Euronext February rapeseed futures eased.

Comments

Comments are closed.