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ICE Canada canola extends longest winning streak since May

Published 2015-08-04, 02:35 p/m
ICE Canada canola extends longest winning streak since May

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Aug 4 (Reuters) - ICE Canada canola
futures rose on Tuesday for the fifth straight session, its
longest nearby winning streak since May, supported by
short-covering and concerns about the crop in dry Alberta.
* Alberta government said late on Friday that while crop
conditions had stabilized, only 25 percent of the province's
canola was in good or excellent condition. GRO/ALB
* Funds seen on sidelines, holding a large long position.
Fund selling helped drive prices down in late July.
* November canola RSX5 gained $4 to $506 per tonne.
* January canola RSF6 tacked on $3.10 to $503.20 per
tonne.
* November-January spread traded 1,627 times.
* Chicago August soybeans SQ5 eased, but deferred months
rose on bargain-buying and worries about dry areas of the U.S.
Midwest. ID:nC3N0Y4021
* Malaysian October palm oil 1FCPOV5 and NYSE Liffe Paris
November rapeseed COMX5 rose.
* The Canadian dollar CAD= was trading at $1.3162, or
75.98 U.S. cents at 12:59 p.m. CDT (1759 GMT), down from Friday
close of $1.3080, or 76.45 U.S. cents.

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