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ICE Canada canola futures rise with soy on Argentina crop problems

Published 2018-03-02, 02:50 p/m
ICE Canada canola futures rise with soy on Argentina crop problems
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WINNIPEG, Manitoba, March 2 (Reuters) - ICE Canada canola futures rose on Friday for the 10th straight session, supported by a strong U.S. soybean market due to dry conditions hurting Argentina's crop.

* Canola has also had support in the past week from a soft Canadian dollar and lagging rail shipments.

* The rally is the longest for a nearby contract since April 2017.

* Most-active May canola RSK8 gained $1.90 to $527.10 per tonne.

* ICE Futures Canada said there were 900 deliveries on Friday of the expiring March contract.

* May-July canola spread traded 2,198 times.

* Chicago March soybeans SH8 gained on export deals and Argentine crop woes. NYSE MATIF May rapeseed COMK8 and Malaysian May crude palm oil 1FCPOK8 dipped.

* The Canadian dollar CAD= was trading at $1.2908 to the U.S. dollar, or 77.47 U.S. cents at 1:15 p.m. CST (1915 GMT).

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