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ICE Canada canola ends higher, following global vegoils strength

Published 2015-09-25, 05:48 p/m
ICE Canada canola ends higher, following global vegoils strength

(All figures in Canadian dollars unless noted)
Sept 25 (Reuters) - ICE Canada canola prices rose on Friday
and set a one-month high on spillover strength from other global
vegetable oil markets including U.S. soy and Malaysian palm,
traders said.
* Harvest selling by farmers tempered the gains in canola,
with the most-active November contract settling off its session
highs.
* November canola RSX5 ended up $4.60 at $476.30 per tonne
after reaching $480.80, its highest since Aug. 25. Volume
totaled 24,616 contracts.
* January canola RSF6 gained $4.80 to settle at $481.50
per tonne on a volume of 8,510 contracts.
* Malaysian palm oil futures surged 4.6 percent to their
highest level in 3-1/2 months, bolstered by a weak ringgit
currency and concerns over production. ID:nL4N11V372
* Chicago November soybeans SX5 rose on improving export
prospects, especially to top buyer China, and a slight recovery
in Brazil's currency, the BRL= real, which could slow
Brazilian farmer soybean sales and plantings. ID:nC3N0XP029
* NYSE Liffe Paris November rapeseed COMX5 also rose.
* The Canadian dollar CAD= was trading at $1.3337, or
74.98 U.S. cents at 4:33 p.m. CDT (2133 GMT), compared to the
Bank of Canada's official Thursday close of 1.3318, or 75.09
U.S. cents.
* Canadian canola crushers processed 133,604 tonnes of
canola in the week ended Sept. 23, up 9.6 percent from the
previous week, according to data from the Canadian Oilseed
Processors Association. ID:nEMNF9M0SR

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