ICE canola futures nearly flat as loonie counteracts soyoil

WINNIPEG, Manitoba, Oct 9 (Reuters) - ICE canola futures bounced around but settled nearly flat on Thursday, as a weaker Canadian dollar counteracted the downdraft of Chicago soyoil.

• November canola RSX5 settled down 10 cents at $616.90 per metric ton. January settled up 40 cents at $631.40.

• A trader said Thursday's drop in the loonie's value compared to the U.S. dollar allowed canola futures' nominal prices to be firmer against soyoil than they should have been. Canola futures are listed in the Canadian dollar.

• Trading volume is moving from the November contract to January as the first contract of 2025-26 moves closer to expiry. Thursday saw more volume in January for the first time.

• Chicago Board of Trade soyoil futures BOv1 fell 1.05% on glutted meal supplies and the lack of China sales.

• Euronext August rapeseed futures COMc1 rose 1.18%.

• Malaysian palm oil futures FCPOc3 rose 1.01% on optimism about growing biofuels demand in Indonesia. POI/

• The Canadian dollar CAD= fell about 0.5% to a six-month low on worries about Canadian job losses that could lead to more interest rate cutting by the Bank of Canada. CAD/