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ICE canola futures rise on soyoil price surge

Published 2019-02-06, 02:30 p/m
ICE canola futures rise on soyoil price surge
USD/CAD
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ICE
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RSc1
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WINNIPEG, Manitoba, Feb 6 (Reuters) - ICE (NYSE:ICE) canola futures rose on Wednesday, gaining strength from a surge in soyoil prices.

* Canola crush margins remain strong, attracting buying, but late selling limited gains, a trader said.

* March canola RSH9 added $2.20 to $484.80 per tonne.

* March-May canola spread traded 4,658 times.

* Chicago March soybeans SH9 rose on Chinese purchases and positioning ahead of Friday's U.S. Department of Agriculture report. Paris Matif May rapeseed futures /COMK9 rose slightly.

* The Canadian dollar CAD= was trading at $1.3205 to the U.S. dollar, or 75.73 U.S. cents at 1:17 p.m. CST (1917 GMT).

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