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ICE Canada canola climbs 2 pct on commercial buying

Published 2016-03-10, 04:32 p/m
ICE Canada canola climbs 2 pct on commercial buying

(All figures in Canadian dollars unless noted)
March 10 (Reuters) - ICE Canada May canola futures RSK6
rose more than 2 percent on Thursday on commercial buying and
short-covering, with a setback in the Canadian dollar lending
support, traders said.
* Most-active May canola RSv1 settled up $10.60 at $465.30
per tonne after reaching $465.70, a two-week high. Traders said
volume at 13,643 contracts was relatively light, given the size
of the move.
* July canola RSN6 ended up $8.80 at $468.00 a tonne on
volume of 4,700 contracts.
* Chicago Board of Trade May soybeans SK6 rose for a
seventh consecutive session on short-covering and a softer U.S.
dollar, but CBOT May soyoil BOK6 closed lower.
* Canada is urging the Chinese government to stick to
scientific facts in decisions on trade as Beijing plans to
toughen its dockage standard on Canadian canola shipments,
Canadian Agriculture Minister Lawrence MacAulay said.

* Both Malaysian May palm oil 1FCPOK6 and NYSE Liffe Paris
May rapeseed COMK6 fell 0.4 percent.
* The Canadian dollar CAD= was trading at $1.3344 to the
greenback, or 74.94 U.S. cents, at 2:54 p.m. CST (2054 GMT),
weaker than Wednesday's close of $1.3250, or 75.47 U.S. cents.

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