Canola futures extend losing streak, hit six-month low

Kitco Media
By Reuters
Published:
Updated:
Reuters
(All figures in Canadian dollars unless noted) CHICAGO, March 10 (Reuters) - ICE Canada canola futures plunged to a six-month low on Friday, extending their losing streak to six sessions on heavy selling by speculative funds, traders said.
* Actively traded May canola ended Friday's session down $14.50 at $777.80 per tonne.
* Prices bottomed out at $766.80 a tonne, the lowest on a continuous basis for the most-active contract since Sept. 8, 2022.
* Some bargain buying pulled the contract from its low ahead of the close of trade.
* New-crop November canola settled $7.50 lower at $755.80.
* The May-July spread 8,601 times and the July-November spread traded 4,386 times.
* Chicago Board of Trade May soybean futures closed US3-3/4 cents lower at US$15.07 a bushel.
* Euronext May rapeseed futures dropped 1.3% on Friday. (Reporting by Mark Weinraub)

Messaging: mark.weinraub.thomsonreuters.com@reuters.net))
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