Investing.com - Financial Markets Worldwide

ICE canola futures rise on harvest delays, soy rally

Published 2018-10-05, 02:54 p/m
ICE canola futures rise on harvest delays, soy rally
RSc1
-

WINNIPEG, Manitoba, Oct 5 (Reuters) - ICE canola futures rose on Friday, boosted by snowy weather that was delaying the Western Canadian harvest, a soybean rally and moderate speculative buying.

* 20 percent of canola in the Canadian province Alberta was harvested as of Oct. 2. GRO/ALB

* Canola prices gained despite a pickup in farmer deliveries that was generating hedge selling on the market, a trader said.

* November canola RSX8 gained $2.30 at $501.30 per tonne.

* The November-January spread RSX8-F9 traded 3,594 times between $4.80 and $5.70, premium January.

* Chicago November soybeans SX8 rose on higher soymeal prices and expected U.S. harvest delays. The Canadian dollar CAD= was trading at 1.2949 to the greenback, or 77.23 U.S. cents at 12:44 p.m. CDT (1744 GMT).

* ICE canola will be closed for a Canadian Thanksgiving holiday on Monday.

Latest comments

Install Our App
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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.