ICE canola futures edge up on soy strength, crusher buying

Published 2019-01-24, 02:42 p/m
ICE canola futures edge up on soy strength, crusher buying
USD/CAD
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ICE
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WINNIPEG, Manitoba, Jan 24 (Reuters) - ICE (NYSE:ICE) canola futures edged higher on Thursday, lifted by stronger soy prices and crusher buying.

* Crush margins are strong and farmers have been slow sellers of canola to the cash market, keeping prices firm, a trader said.

* March canola RSH9 gained $1.10 to $487 per tonne.

* March-May canola spread traded 4,066 times.

* Chicago March soybeans SH9 finished slightly higher, underpinned by scaled-back estimates for Brazil's harvest due to drought. GRA/

* Paris Matif May rapeseed futures /COMK9 eased and Malaysian April palm oil futures /1FCPOJ9 rose.

* The Canadian dollar CAD= was trading at $1.3361 per U.S. dollar, or 74.84 U.S. cents, at 1:21 p.m. CST (1921 GMT).

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