ICE Canada canola extends climb as C$ softens

Published 2016-05-18, 04:36 p/m
ICE Canada canola extends climb as C$ softens

(All figures in Canadian dollars unless noted)
May 18 (Reuters) - ICE Canada canola futures rose on
Wednesday for a fourth straight session, buoyed by a weaker
Canadian dollar which tends to make canola more attractive on
the export market.
* The Canadian dollar CAD= was trading at $1.3028 to the
greenback, or 76.76 U.S. cents at 3:20 p.m. CDT (2020 GMT),
weaker than Tuesday's close of $1.2903, or 77.50 U.S. cents. The
currency fell against the U.S. dollar after U.S. Federal Reserve
meeting minutes signaled a June interest rate hike was on the
table.
* July canola RSN6 rose $5.80 to settle at $522.60 per
tonne on volume of 11,620 contracts. The contract hit a session
high after the Fed minutes were released.
* November canola RSX6 settled up $4.20 at $519.80 per
tonne on volume of 10,335 contracts.
* Chicago Board of Trade July soybeans SN6 fell on
profit-taking and chart-based selling after the spot July
contract SN6 failed to match last week's multi-month highs.

* NYSE Liffe August rapeseed COMQ6 fell 0.34 percent and
July Malaysian palm oil 1FCPON6 fell 1.45 percent.

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