(All figures in Canadian dollars unless noted)
CHICAGO, March 8 (Reuters) - ICE Canada canola futures
fell to their lowest point in six weeks on Wednesday on
technical selling and spillover pressure from rival oilseed
markets, traders said.
* Actively traded May canola ended down $4.80 at
$808.10 per tonne after touching a session low of $806.00, the
weakest since Jan. 27.
* New-crop November canola bottomed at $776.70 per
tonne, the lowest since Jan. 25, and settled $1.90 lower at
$779.80.
* Expectations that demand would improve following the
recent price drop and a weakening Canadian dollar limited
declines in canola futures, traders said. The Canadian currency
on Wednesday fell to its lowest point since October against the
U.S. dollar.
* Chicago Board of Trade soybean futures traded
higher much of the day on Wednesday but ended mixed, with the
actively traded May contract well below session highs.
* Euronext May rapeseed futures finished about 1%
lower.
(Reporting by Karl Plume in Chicago; editing by Diane Craft)
Messaging: karl.plume.thomsonreuters.com@reuters.net))
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