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Canola futures firm but face profit taking at 3-1/2 year highs

Published 2020-11-12, 03:07 p/m

(All figures in Canadian dollars unless noted)

CHICAGO, Nov 12 (Reuters) - ICE (NYSE:ICE) canola futures rose on Thursday on support from crusher demand, traders said.

* Front-month canola RSc1 peaked at its highest on a continuous basis since July 2017 overnight before facing some profit-taking at the highs.

* Most-active January canola RSF1 set a new contract high of $562.50 before settling up $1.50 at $559.90 a ton.

* January-March canola spread traded 5,690 times.

* Chicago Board of Trade soybean futures pulled back on Thursday after hitting their highest level in about four-and-a-half years in the previous session. GRA/

* Euronext February rapeseed futures /COMG1 were weaker on Thursday and Malaysian January palm oil futures /FCPOF1 were firm.

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