👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

ICE canola futures rise, halt five-day skid

Published 2019-02-21, 02:50 p/m
ICE canola futures rise, halt five-day skid
USD/CAD
-
ICE
-
RSc1
-

WINNIPEG, Manitoba, Feb 21 (Reuters) - ICE (NYSE:ICE) canola futures climbed on Thursday, ending a five-day skid, lifted by a surge in U.S. soy prices.

* Canola's gains lagged those of soybeans, however, amid concerns about China slowing imports of Canadian canola due to a diplomatic dispute, a trader said. Canola's slide in recent sessions was the longest since July for a nearby contract.

* March canola RSH9 gained $3.90 to $474.80 per tonne.

* Most-active May canola RSK9 added $3.60 to $482.90 per tonne.

* March-May canola spread traded 6,062 times.

* Chicago March soybeans SH9 climbed on short-covering and a U.S. government forecast for lower soybean plantings this year. Paris Matif May rapeseed futures /COMK9 and Malaysian May palm oil futures /1FCPOK9 rose.

* The Canadian dollar CAD= was trading at $1.3216 to the U.S. dollar, or 75.67 U.S. cents at 12:40 p.m. CST (1840 GMT).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.