ICE Canada canola jumps to nearly 3-month high

Published 2016-04-13, 02:44 p/m
ICE Canada canola jumps to nearly 3-month high

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, April 13 (Reuters) - ICE Canada canola
futures jumped on Wednesday to a nearly three-month high, lifted
by crusher and technical buying.
* Higher U.S. markets added spillover strength. Farmer sales
late in the session curbed gains, a trader said.
* May canola RSv1 gained $5.80 at $479.70 per tonne.
* July canola RSN6 added $5.40 to $484.90 per tonne.
Touched $487.10, highest price for a most-active contract since
Jan. 20.
* May-July canola spread traded a brisk 7,344 times.
* Chicago May soybeans SK6 climbed on technical buying and
excessive Argentine rains.
* Malaysian May palm oil 1FCPOK6 and NYSE Liffe May
rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.2807 to the
greenback, or 78.08 U.S. cents at 1:05 p.m. CDT (1821 GMT),
lower than Tuesday's close of $1.2759, or 78.38 U.S. cents.

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