Markets

ICE Canada canola futures dip on soy weakness

Published July 3, 2018 Updated July 3, 2018 07:44pm

* Conditions in parts of Western Canada are dry, but canola plantings are large overall and some areas are showing robust growth, a trader said.

* Most-active November canola lost $2.50 at $506.90 per tonne.

* ICE reported 1,603 deliveries of the July canola contract, which expires on July 13.

* The July-November canola spread traded 5,453 times.

* Chicago Board of Trade August soybeans fell on concerns about a trade fight between the United States and China.

* August Paris Matif rapeseed futures edged higher and Malaysian September crude palm oil slipped.

* The Canadian dollar was trading at $1.3142 to the US dollar, or 76.09 US cents, at 1:30 p.m. CDT (1830 GMT).

* Canola will trade on Wednesday while US markets are closed for a holiday.

Copyright Reuters, 2018