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ICE Canada canola rises third straight time, on technical buying

Published 2016-04-20, 02:37 p/m
ICE Canada canola rises third straight time, on technical buying

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, April 20 (Reuters) - ICE Canada canola
futures rose for a third straight session on Wednesday, on
technical buying.
* Funds seen buying the July contract with it trading above
key moving averages, an analyst said.
* May canola RSK6 gained $5.30 at $489.90 per tonne.
* Most-active July canola RSN6 added $5.30 to $493.30 per
tonne.
* The new-crop November contract rose more modestly, ahead
of Thursday's Statistics Canada report on planting intentions.
Canadian farmers are expected to plant 20.4 million acres of
canola, up 1.5 percent from last year.
* May-July canola spread traded 7,574 times.
* Chicago May soybeans SK6 climbed on technical and
fund-driven buying.
* Malaysian July palm oil 1FCPON6 and NYSE Liffe May
rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.2621 to the
greenback, or 79.23 U.S. cents at 1:14 p.m. CDT (1814 GMT),
higher than Tuesday's close of $1.2660, or 78.99 U.S. cents.

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