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ICE canola futures rise on concerns about U.S. planting delays

Published 2019-05-14, 03:13 p/m
ICE canola futures rise on concerns about U.S. planting delays
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NEW YORK, May 14 (Reuters) - ICE (NYSE:ICE) canola futures rose on Tuesday as concerns about delayed U.S. plantings of grains and oilseeds lifted agricultural markets.

* Canola lagged gains in Chicago crop futures as the planting pace is close to normal in Canada. Dry conditions have raised some worries about plant development across the Canadian Prairies, however.

* Chicago corn, wheat and soybeans rose after the U.S. Department of Agriculture late on Monday reported that the planting pace for corn and soybeans was slower than expected amid widespread weather delays. GRA/

* July canola RSN9 gained $6.50 to $442.40 per tonne.

* July-November canola spread traded 5,740 times.

* Chicago July soybeans SN9 climbed on concerns about unfavorable crop weather and technical buying. Paris Matif August rapeseed futures /COMQ9 and Malaysian July palm oil futures /1FCPON9 rose.

* The Canadian dollar CAD= was little changed against its U.S. counterpart as higher oil prices offset investor worries about an escalating trade war between the United States and China. CAD/

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