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ICE Canada canola rises, notches first weekly gain in 5 weeks

Published 2015-09-11, 02:29 p/m
ICE Canada canola rises, notches first weekly gain in 5 weeks

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Sept 11 (Reuters) - ICE Canada canola
prices rose on Friday for the fourth straight session, boosted
by a sagging Canadian dollar and slow farmer selling, and
notched their first weekly gain in five weeks.
* Canola gained despite the U.S. Agriculture Department
shocking traders by raising its domestic soybean yield estimate.
GRA/
* November canola RSX5 gained $2.90 to $469.80 per tonne.
The nearby contract added 3.4 percent for the week.
* January canola RSF6 added $2.80 to $473.10 per tonne.
* November-January spread traded 1,419 times.
* Chicago November soybeans SX5 unofficially ended up
slightly, erasing declines on corn spillover support.
ID:nC3N0ZN01C
* Malaysian November palm oil 1FCPOX5 and NYSE Liffe Paris
November rapeseed COMX5 slipped.
* The Canadian dollar CAD= was trading at $1.3262, or
75.40 U.S. cents at 1:08 p.m. CDT (1808 GMT), down from the Bank
of Canada's official Thursday close of $1.3228, or 75.60 U.S.
cents.
* Canada weekly canola crushings fell 3.9 percent. OILS/CA


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