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ICE Canada canola rises to weekly gain on dryness concerns

Published 2016-05-20, 02:41 p/m
ICE Canada canola rises to weekly gain on dryness concerns

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 20 (Reuters) - ICE Canada canola
futures rose on Friday for the sixth straight session, fueled by
concerns about dryness in Western Canada, and notched another
weekly gain.
* The market has climbed despite a quick start to planting
in Western Canada. Two thirds of canola has been seeded in
Alberta. GRO/ALB
* July canola RSN6 added $2.90 to $526 per tonne. The
contract gained 2 percent for the week, its fifth straight
weekly gain.
* November canola RSX6 gained $5.10 at $524.80 per tonne.

* July-November canola spread traded 4,826 times.
* Chicago July soybeans SN6 climbed on strength in
soymeal.
* NYSE Liffe August rapeseed COMQ6 and July Malaysian palm
oil 1FCPON6 rose.
* The Canadian dollar CAD= was trading at $1.3122 to the
greenback, or 76.21 U.S. cents at 1:07 p.m. CDT (1807 GMT),
lower than Thursday's close of $1.3105, or 76.31 U.S. cents.
* Canada weekly canola crushings rose 16.8 percent.
OILS/CA

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