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ICE Canada canola futures extend rally on soybean strength

Published 2018-03-01, 02:32 p/m
© Reuters.  ICE Canada canola futures extend rally on soybean strength
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(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, March 1 (Reuters) - ICE Canada canolafutures rose on Thursday for a ninth straight session, lifted bystrength in soybeans and buying from crushers and funds.

* Canola has rallied in the past week on a soft Canadiandollar, concerns about dry conditions for soybeans in Argentinaand lagging rail shipments.

* Most-active May canola RSK8 gained $1.20 to $525.20 pertonne.

* ICE Futures Canada said there were no deliveries onThursday of the expiring March contract.

* May-July canola spread traded 1,872 times.

* Chicago March soybeans SH8 rose on strong export dataand Argentine crop woes. NYSE MATIF May rapeseed COMK8 and Malaysian May crudepalm oil 1FCPOK8 eased.

* The Canadian dollar CAD= was trading at $1.2885 to theU.S. dollar, or 77.61 U.S. cents at 12:51 p.m. CST (1851 GMT).

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