ICE canola futures fall, halt 6-day winning streak
WINNIPEG, Manitoba, Aug 22 (Reuters) - ICE canola futures fell on Tuesday, halting a six-day winning streak, weighed down by a steeper drop in soybean oil.
November canola RSX3 lost $13.40 to settle at $796 per metric ton.
Statistics Canada will report its first estimates next week of Canadian crop production. In a Reuters poll, the average trade expectation for canola output is 17.4 million tons, down from 18.6 million last year.
November-January canola spread, the most active inter-month spread, traded 7,084 times.
Chicago Board of Trade soybean futures Sv1 dropped as above-average crop scouting during a Midwest tour outweighed hot, dry weather in U.S. growing belts. GRA/
Euronext November rapeseed futures /COMX3 dipped.
European Union rapeseed imports so far in the 2023/24 season that started on July 1 reached 280,045 tons by Aug. 20, compared with 765,402 a year earlier, data published by the European Commission showed.
*All figures in Canadian dollars unless noted