ICE canola futures stabilize after recent decline
WINNIPEG, Manitoba, July 10 (Reuters) - ICE canola futures moved little in Thursday's session, following days of significant moves.
• November canola RSX5 settled up $4.10 at $685.10 per metric ton. Gains were progressively higher in further out contract months.
• Analysts say the growing glut of U.S. soybean meal and canola meal is hurting crusher profitability and has caused crushers to cut back on processing.
• Chicago Board of Trade soyoil futures BOv1 rose 0.38%.
• Euronext August rapeseed futures COMQ5 rose 0.33%.
• Malaysian palm oil futures FCPOc3 fell 0.26% on growing stocks in Malaysia and poor exports. POI/
• Crude oil CLc1 fell 2.65% on worries about trade battles between the U.S. and numerous trading partners.
• The Canadian dollar CAD= edged higher despite broad strength in the greenback. CAD/
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