ICE canola futures pull back from rally

Reuters · 08/30 20:41
ICE canola futures pull back from rally

All figures in Canadian dollars unless

- ICE canola futures weakened on profit-taking on Friday as the market pulled back after climbing 4% during the previous session, traders said.

  • ICE November canola RSX4 settled down $4.80 at $614.70 per metric ton. The contract retreated after rising on Thursday to $622.50, its highest since Aug. 1.

  • January canola RSF5 fell $5.80 to close at $623.80 a ton.

  • Chicago Board of Trade soyoil futures also declined, after strength in soyoil futures helped lift canola on Thursday.

  • CBOT most-active December soyoil BOZ24 slipped 0.12 U.S. cent to 42.01 U.S. cents per pound, while most-active November soybeans SX24 settled up 7-1/2 U.S. cents at U.S. $10.00 per bushel.

  • Euronext November rapeseed futures COMX4 edged up about 0.1% and Malaysian palm oil FCPOc3 rose 0.9%. POI/



(Reporting by Tom Polansek in Chicago; Editing by Mohammed Safi Shamsi)

((Thomas.Polansek@thomsonreuters.com))