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ICE Canada canola rises for fourth day

Published 2015-07-31, 02:55 p/m
ICE Canada canola rises for fourth day

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, July 31 (Reuters) - ICE Canada canola
futures rose on Friday for a fourth straight session, supported
by month-end short-covering and dryness concerns.
* The nearby contract finished lower for the third
consecutive week, down 1.3 percent, and posted a monthly loss of
7.5 percent.
* Rains in Alberta have stabilized crop condition ratings,
the provincial government said, but a trader said there are
still worries about the size of the crop. GRO/ALB
* ICE Futures Canada will be closed on Monday for a holiday
in most Canadian provinces.
* November canola RSX5 gained $3.30 to $502 per tonne.
* January canola RSF6 tacked on $3.60 to $500.10 per
tonne.
* The November-January spread traded 1,573 times.
* Chicago August soybeans SQ5 dropped on profit-taking and
cancellation of a sale to China. ID:nC3N0XP01B
* Malaysian October palm oil 1FCPOV5 and NYSE Liffe Paris
August rapeseed COMQ5 both dipped.
* The Canadian dollar CAD= traded at $1.3062, or 76.56
U.S. cents, at 1:12 p.m. CDT (1812 GMT), lower than the Bank of
Canada's official close of $1.3010, or 76.86 U.S. cents, on
Thursday.
* Canada weekly canola crushings fell 1.5 percent. OILS/CA
* Legumex Walker's Pacific Coast Canola subsidiary defaulted
on a loan, putting its canola plant at risk. ID:nL1N10B1AA

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