ICE canola futures slip but remain rangebound
WINNIPEG, Manitoba, July 24 (Reuters) - ICE canola futures slipped on Thursday, with good Canadian weather and little direction among vegoils keeping prices rangebound.
• November canola RSX5 settled down $2.40 at $695.70 per metric ton. January RSF6 settled down $3.20 at $705.10.
• Volume has dropped in recent sessions.
• Technical analyst Trent Klarenbach described the November contract as in a "no trade zone," caught between $690 and $700, with little to suggest whether the crop is more likely to break higher or lower.
• The November contract has struggled to hold gains above $700 since early July.
• Chicago Board of Trade soyoil futures BOv1 had a volatile session on Thursday, settling up 0.84%.
• Euronext August rapeseed futures COMG5 fell 0.10%.
• Malaysian palm oil futures FCPOc3 rose 0.32%. POI/
• The Canadian dollar CAD= weakened. CAD/
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