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ICE canola futures notch fresh 7-year high on crush, export demand

Published 2020-11-23, 02:39 p/m
ICE
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(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, Nov 23 (Reuters) - ICE (NYSE:ICE) canola futures rose on Monday to a new seven-year high, lifted by strong oilseed demand from crushers and exporters.

* Farmer selling of the new Canadian harvest is helping to satisfy some of the demand and limit gains, a trader said.

* January canola RSF1 added $7.60 to $584.10 per tonne.

* January-March canola spread traded 2,771 times.

* U.S. soybean futures Sv1 climbed to $12 a bushel for the first time in four years, buoyed by worries about dry conditions in Brazil and Argentina. GRA/

* Euronext February rapeseed futures /COMG1 edged higher and Malaysian February palm oil futures /FCPOG1 gained ground.

* EU grain sowing catches up after delays, too late for rapeseed.

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