ICE canola futures slide on technical selling

Reuters04-26

(All figures in Canadian dollars unless noted)

April 25 (Reuters) - ICE canola futures dropped on Thursday, pressured by technical selling.

• July canola fell below its 100-day moving average, triggering the technical selling, a trader said. He added that the market is torn between dry Canadian conditions that underpin prices and poor export demand that weighs on sentiment.

• Most active July canola shed $2.50 to settle at $636.90 per metric ton.

• July-November canola spread, the most active inter-month spread, traded 10,458 times. • Chicago Board of Trade soybean futures also dipped and were weighed down by weakness in the soyoil market and ongoing pressure from cheaper Brazilian soybeans.

• Euronext August rapeseed futures declined.

(Reporting by Rod Nickel in Winnipeg; Editing by Alan Barona)

((rod.nickel@tr.com; X: @RodNickel_Rtrs))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430253608?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 02:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430253608","market":"us","top_or_hot":-1,"title":"ICE canola futures slide on technical selling","media":"Reuters","content":"<html><body><p>(All figures in Canadian dollars unless noted)</p><p>      April 25 (Reuters) - ICE canola futures dropped on Thursday, pressured by technical selling.</p><p>   • July canola fell below its 100-day moving average, triggering the technical selling, a trader said. He added that the market is torn between dry Canadian conditions that underpin prices and poor export demand that weighs on sentiment.</p><p>   • Most active July canola    shed $2.50 to settle at $636.90 per metric ton.</p><p>   • July-November canola spread, the most active inter-month spread, traded 10,458 times.  • Chicago Board of Trade soybean futures    also dipped and were weighed down by weakness in the soyoil market and ongoing pressure from cheaper Brazilian soybeans.</p><p>   • Euronext August rapeseed futures    declined.</p><p> (Reporting by Rod Nickel in Winnipeg; Editing by Alan Barona)</p><p>((rod.nickel@tr.com; X: @RodNickel_Rtrs))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ICE canola futures slide on technical selling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nICE canola futures slide on technical selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 02:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(All figures in Canadian dollars unless noted)      April 25 (Reuters) - ICE canola futures dropped on Thursday, pressured by technical selling.   • July canola fell below its 100-day moving average, ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GB00BDT5M118.USD","symbol_name":"天利环球扩展Alpha基金A Acc","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2430253608","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430253608","pubTimestamp":1714071366,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(All figures in Canadian dollars unless noted)      April 25 (Reuters) - ICE canola futures dropped on Thursday, pressured by technical selling.    July canola fell below its 100-day moving average, t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","ICE":"洲际交易所","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","BK4588":"碎股","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4112":"金融交易所和数据","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4585":"ETF&股票定投概念"},"translate_title":"冰油菜期货技术抛售下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICE":1},"content_text":"(All figures in Canadian dollars unless noted)      April 25 (Reuters) - ICE canola futures dropped on Thursday, pressured by technical selling.   • July canola fell below its 100-day moving average, triggering the technical selling, a trader said. He added that the market is torn between dry Canadian conditions that underpin prices and poor export demand that weighs on sentiment.   • Most active July canola    shed $2.50 to settle at $636.90 per metric ton.   • July-November canola spread, the most active inter-month spread, traded 10,458 times.  • Chicago Board of Trade soybean futures    also dipped and were weighed down by weakness in the soyoil market and ongoing pressure from cheaper Brazilian soybeans.   • Euronext August rapeseed futures    declined. (Reporting by Rod Nickel in Winnipeg; Editing by Alan Barona)((rod.nickel@tr.com; X: @RodNickel_Rtrs))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430253608"}