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ICE Canada canola rises for second day

Published 2015-09-09, 02:47 p/m
ICE Canada canola rises for second day

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, Sept 9 (Reuters) - ICE Canada canola
prices rose on Wednesday for a second day, lifted by
short-covering and profit-taking by small speculators after last
week's losses.
* Limited farmer selling and cooler night temperatures,
which raise concerns about frost damage, were also supportive, a
trader said.
* Funds continued to sell on technical weakness.
* November canola RSX5 gained $3 to $465.10 per tonne.
* January canola RSF6 added $2.70 to $468.90 per tonne.
* November-January spread traded 2,012 times.
* Chicago November soybeans SX5 fell on weak cash markets
and stable U.S. crop ratings. ID:nC3N0XP01Y
* Malaysian November palm oil 1FCPOX5 rose and NYSE Liffe
Paris November rapeseed COMX5 eased.
* The Canadian dollar CAD= was trading at $1.3221, or
75.64 U.S. cents, at 1:06 p.m. CDT (1806 GMT), down from the
Bank of Canada's official close of $1.3205, or 75.73 U.S. cents,
on Tuesday.


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