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ICE Canada canola ends higher as C$ softens

Published 2015-10-16, 04:04 p/m
ICE Canada canola ends higher as C$ softens

(All figures in Canadian dollars unless noted)
Oct 16 (Reuters) - ICE Canada canola closed higher in light
rangebound trade on Friday, bolstered by a softer Canadian
dollar that makes canola more attractive on the global market,
traders said.
* The Canadian dollar CAD= was trading at $1.2908, or
77.47 U.S. cents, at 2:43 p.m. CT (1943 GMT), below Thursday's
close of $1.2847, or 77.84 U.S. cents. ID:nL1N12G0QI
* November canola RSX5 settled up $1.10 at $472.60 per
tonne on volume of 9,837 contracts. The contract stayed inside
the previous day's trading range, reflecting a lack of strong
market direction.
* January canola RSF6 ended up $2.20 at $477.10 per tonne
on volume of 8,100 contracts.
* November-January spread traded roughly 6,100 times between
$4.90 and $3.50, premium January.
* Declines in Chicago Board of Trade soybean 0#S: futures
hung over the market while CBOT soyoil 0#BO: settled nearly
flat.
* Malaysian December palm oil futures 1FCPOZ5 fell 0.8
percent and NYSE Liffe Paris November rapeseed COMX5 closed
modestly higher.
* The Alberta canola harvest was 79.8 percent complete as of
Tuesday, a weekly provincial report said. ID:nEMNFAE0S3 The
Saskatchewan canola harvest was 89 percent complete by Monday.
ID:nEMNFAD0SA

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