ICE canola futures down on weak demand, large stocks
All figures in Canadian dollars unless noted
Sept 12 (Reuters) -ICE canola futures tipped down on Thursday on weak demand for Canadian canola, large canola stocks despite below-average yields and lingering bearishness from China'songoing anti-dumping investigation, traders said.
ICE November canola RSX4 ticked down $7.8 to $561.50 per metric ton.
January canola RSF5 lost $7.70 to $574.80 per ton.
Large supplies of canola from the previous year have added a bearish tone to the market.
Disappointing canola yields from the Canadian Prairies and higher soyoil futures added a floor to prices, however.
CBOT's most-active December soyoil BOZ24 settled up 0.49 cent to finish at 39.79 cents per pound, while most-active November soybeans SX24 settled up 13-1/2 cents to $10.10-3/4 per bushel
Euronext November rapeseed futures COMX4 ticked up about 0.16% and Malaysian palm oil FCPOc3 up 0.62%. POI/
Reporting by Heather Schlitz; Editing by Richard Chang
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