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ICE Canada canola climbs to nearly 3-week high, lifted with soyoil

Published 2016-03-14, 02:30 p/m
ICE Canada canola climbs to nearly 3-week high, lifted with soyoil

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, March 14 (Reuters) - ICE Canada canola
futures climbed on Monday to a nearly three-week high, supported
by stronger soyoil prices and a slow pace of farmer selling.
* The May contract is trading at a smaller than usual
discount to the July contract, suggesting that farmers are slow
sellers to cash buyers, an analyst said.
* Most-active May canola RSv1 gained $3 at $466.40 per
tonne.
* March RSH6 contract expired on Monday.
* May-July canola spread traded 1,965 times.
* Chicago May soybeans SK6 ended slightly higher.

* Malaysian May palm oil 1FCPOK6 and NYSE Liffe Paris May
rapeseed COMK6 dipped.
* The Canadian dollar CAD= was trading at $1.3284 to the
greenback, or 75.28 U.S. cents at 1:08 p.m. CST (1908 GMT),
lower than the Bank of Canada's official close on Friday of
$1.3231, or 75.58 U.S. cents.
* Hail and rain damage ripening wheat, chickpea and rapeseed
in India's key farm belts.

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