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ICE Canada canola retreats from near 2-week high on C$ strength

Published 2016-03-09, 04:01 p/m
ICE Canada canola retreats from near 2-week high on C$ strength
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(All figures in Canadian dollars unless noted)
March 9 (Reuters) - ICE Canada May canola futures closed
lower on Wednesday, retreating from a near two-week top on
strength in the Canadian dollar, which tends to make canola less
attractive to those holding other currencies, traders said.
* Most-active May canola RSv1 settled down $3.10 at
$454.70 per tonne after reaching $459.50, its highest since Feb.
25.
* July canola RSN6 ended down $3.10 at $459.20 a tonne.
* Chicago Board of Trade May soybeans SK6 rose for a sixth
straight session on technical buying, while CBOT May soyoil
BOK6 surged 2 percent.
* Malaysian May palm oil 1FCPOK6 rose 1.2 percent and NYSE
Liffe Paris May rapeseed COMK6 fell 0.1 percent.
* The Canadian dollar CAD= hit a nearly four-month high as
crude oil prices rallied and the Bank of Canada refrained from
action to erode the currency's recent sharp gains.
* The unit was trading at $1.3252 to the greenback, or 75.46
U.S. cents, at 2:54 p.m. CST (2054 GMT), stronger than Tuesday's
close of $1.3416, or 74.54 U.S.

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