Canadian canola futures slip

ICE Canadian canola futures slipped on Thursday, pressured by a drop in soyaoil prices and strength in the Canadian dollar. Canola's losses were modest considering that the soyaoil and dollar fluctuations weakened canola crush margins, a trader said. Canola's May contract is technically strong, trading above key moving averages. May canola lost $1.90 to $519.10 per tonne. The May-July canola spread traded 1,476 times. Chicago May soyabeans fell on technical selling and concerns about a trade war.
NYSE MATIF May rapeseed and Malaysian May crude palm oil eased. The Canadian dollar was trading at $1.2908 to the US dollar, or 77.47 US cents at 1:10 pm CDT (1810 GMT).