Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Canola futures rebound after three down days

Published 2019-07-18, 03:19 p/m
Updated 2019-07-18, 03:20 p/m
Canola futures rebound after three down days

Canola futures rebound after three down days

(All figures in Canadian dollars unless noted)

CHICAGO, July 18 (Reuters) - ICE (NYSE:ICE) canola futures firmed on Thursday, rebounding from three straight days of declines on a bargain-buying bounce, traders said.

* Volumes were light.

* Traders have noted a lack of interest from investment funds in recent weeks amid a dearth of fundamental news.

* Most-active November canola RSX9 ended up $1.30 at $445.40.

* Resistance was noted at the contract's 10-day moving average.

* The November-January canola spread RSX9-F0 traded 1,193 times and narrowed to settle at $7.10, premium January, from $7.50 on Wednesday.

* Chicago Board of Trade August soybeans SQ9 settled down 1-1/4 U.S. cents at US$8.81-1/4 a bushel.

* Paris Matif August rapeseed futures COMQ9 fell 0.6%, while Malaysian September palm oil futures FCPOU9 shed 0.31%.

* The Canadian dollar weakened against its U.S. counterpart on Thursday, approaching Wednesday's one-week low, as oil prices fell and domestic data showed a smaller than usual rise in June home prices. CAD/

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.