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ICE Canada canola rises after hitting two-week low

Published 2016-01-27, 02:50 p/m
ICE Canada canola rises after hitting two-week low
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Jan 27 (Reuters) - ICE Canada canola
futures rose on Wednesday in modest commercial and speculator
buying after touching a fresh two-week low.
* Canola is stuck in a tight range, with little reason for
aggressive buying or selling, a trader said.
* March canola RSH6 gained $3.10 at $481.20 per tonne,
bouncing off its lowest price since Jan. 12.
* May canola RSK6 rose $3.50 at $490.30 per tonne.
* March-May canola spread traded 6,672 times.
* Chicago March soybeans SH6 rose on concerns about dry
weather in Argentina.
* Malaysian April palm oil 1FCPOJ6 gained and NYSE Liffe
Paris May rapeseed COMK6 edged higher.
* The Canadian dollar CAD= was trading at $1.4117 to the
greenback, or 70.84 U.S. cents at 1:11 p.m. CST (1911 GMT),
lower than Tuesday's close at $1.4075 to the greenback, or 71.05
U.S. cents.

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