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ICE Canada canola futures rise on soybean rebound

Published 2018-07-06, 02:52 p/m
Updated 2018-07-06, 03:00 p/m
ICE Canada canola futures rise on soybean rebound

WINNIPEG, Manitoba, July 6 (Reuters) - ICE Canada canola futures rose on Friday, lifted by a rebound in soybean prices.

* Soybeans were due for a turnaround after nearing a decade low, traders said, but concerns persisted about the escalating U.S. trade dispute with China. GRA/

* Canola lagged soybeans' gains due to the Western Canadian crop advancing well and firmness in the Canadian dollar, a trader said.

* Most-active November canola RSX8 gained $6.30 to settle at $511.20 per tonne.

* ICE reported no deliveries of the July canola RSN8 contract, which expires on July 13.

* The November-January canola spread traded 1,454 times.

* August Paris Matif rapeseed futures /COMQ8 eased and Malaysian September crude palm oil 1FCPOU8 dipped.

* The Canadian dollar CAD= was trading at $1.3104 to the U.S. dollar, or 76.31 U.S. cents at 1:13 p.m. CDT (1813 GMT).

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