Canola dips Thursday in light trade

Canola dipped again on Thursday, weighed down by weaker palm oil and European rapeseed.

U.S. markets were closed for Thankgiving.

Commercial hedging also weighed on canola, a trader told Reuters.

OUTSIDE MARKETS

The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, after domestic data showed retail sales rose far less than expected in September.

Light crude oil nearby futures in New York were at US$58.56 per barrel.

In the afternoon, the Canadian dollar was trading around US78.63 cents, down from 78.74 cents the previous trading day. The U.S. dollar was about C$1.27.

 

Winnipeg ICE Futures Canada dollars per tonne.

Canola Jan 18 512.70s -2.60 -0.50%

Canola Mar 18 520.50s -2.80 -0.54%

Canola May 18 525.30s -2.70 -0.51%

Canola Jul 18 528.00s -2.80 -0.53%

Canola Nov 18 504.90s -1.30 -0.26%

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