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ICE Canada canola rallies to end firm after early farmer selling

Published 2016-03-18, 04:41 p/m
ICE Canada canola rallies to end firm after early farmer selling
RSc1
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(All figures in Canadian dollars unless noted)
March 18 (Reuters) - ICE Canada canola futures closed higher
on Friday, rallying on short-covering late in the session as the
Canadian dollar softened.
* Canola was pressured in early moves from farmer selling
that emerged a day after the May contract RSK6 hit a
three-week high, traders said.
* Most-active May canola RSv1 settled up 30 cents at
$465.80 per tonne on volume of 6,981 contracts. For the week,
the contract rose $2.40 or 0.5 percent.
* July canola RSN6 rose 90 cents at $471.30 per tonne on
volume of 2,945 contracts.
* CBOT soybeans 0#S: settled narrowly mixed with the May
contract SK6 down a tick on profit-taking, while soyoil
0#BO: ended nearly flat.
* Malaysian May palm oil 1FCPOK6 settled up 0.7 percent
and NYSE Liffe Paris May rapeseed COMK6 rose 0.14 percent.
* The Canadian dollar CAD= was trading at $1.3020 to the
greenback, or 76.80 U.S. cents as of 3:28 p.m. CDT (2128 GMT),
weaker than Thursday's close of $1.2989, or 76.99 U.S. cents.

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