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ICE Canada canola rises, posts big monthly gain

Published 2016-03-31, 02:45 p/m
© Reuters. ICE Canada canola rises, posts big monthly gain

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, March 31 (Reuters) - ICE Canada canola
futures rose on Thursday, posting a big monthly gain, supported
by a slow pace of farmer selling.
* The market also drew support from the U.S. Department of
Agriculture's smaller than expected estimate of U.S. soybean
plantings.
* May canola RSv1 gained $1.60 at $476.20 per tonne. The
most-active contract gained nearly 6 percent in March.
* July canola RSN6 added $2.20 to $481.90 per tonne.
* May-July canola spread traded 4,368 times.
* Chicago May soybeans SK6 rose on USDA's U.S. plantings
estimate.
* Malaysian May palm oil 1FCPOK6 dipped and NYSE Liffe May
rapeseed COMK6 eased.
* The Canadian dollar CAD= was trading at $1.2997 to the
greenback, or 76.94 U.S. cents at 1:30 p.m. CDT (1830 GMT),
lower than Wednesday's close of $1.2965, or 77.13 U.S. cents.

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