ICE canola futures slightly down on light demand, falling soyoil
All figures in Canadian dollars unless noted
Sept 11 (Reuters) -ICE canola futures were slightly down on Wednesday on weak demand for Canadian canola and spillover weakness from lower soyoil prices, traders said.
ICE November canola RSX4 ticked down $0.80 to $569.30 per metric ton.
January canola RSF5 lost $0.70 to $582.50 per ton.
However, low yields from the ongoing canola harvest have helped underpin futures.
Canadian stocks of canola were higher at the end of July 2024 compared to the same date in 2023, while total wheat were down according to a farm survey by Statistics Canada released on Monday.
CBOT's most-active December soyoil BOZ24 fell 0.33 cent to finish at 39.3 cents per pound, while most-active November soybeans SX24 settled up 3-1/4 cents to $10.00-1/2 per bushel.
Euronext November rapeseed futures COMX4 ticked up about 0.59% and Malaysian palm oil FCPOc3 fell 0.79%. POI/
Reporting by Heather Schlitz; Editing by Alan Barona
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