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ICE canola futures rise for third straight session, boosted by soy strength

Published 2019-08-16, 02:35 p/m
Updated 2019-08-16, 03:18 p/m

WINNIPEG, Manitoba, Aug 16 (Reuters) - ICE (NYSE:ICE) canola futures rose on Friday for a third straight session, aligned with gains in soybeans.

* Strong crush margins underpin canola prices, a trader said. He added that the market is in a holding pattern until harvest results begin to roll in.

* 69% of canola is in good to excellent condition in Alberta, the government of the Canadian province said. GRO/ALB

* November canola RSX9 added $1.20 to $452.40 per tonne.

* November-January canola spread traded 909 times.

* Chicago November soybeans SX9 rose on bargain buying and export sales. Paris Matif November rapeseed futures /COMX9 gained modestly and Malaysian October palm oil futures /FCPOV9 dipped.

* The Canadian dollar CAD= edged higher against its U.S. counterpart on Friday, with the currency rebounding from an eight-day low it hit the previous session as investor appetite for risk improved. CAD/

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