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ICE canola futures rise, propelled by soybeans

Published 2018-09-20, 02:52 p/m
Updated 2018-09-20, 03:00 p/m
© Reuters.  ICE canola futures rise, propelled by soybeans

WINNIPEG, Manitoba, Sept 20 (Reuters) - ICE canola futures rose on Thursday for a second day, pulled up by strength in soybeans and soyoil.

* Canola lagged soy's gains as the market is "fundamentally weak," a trader said. Statistics Canada on Wednesday estimated canola production at 21 million tonnes, exceeding its Aug. 31 estimate of 19.2 million tonnes. November canola RSX8 added $2.10 at $489.10 per tonne.

* The November-January canola spread traded 4,404 times.

* Chicago November soybeans SX8 climbed on short-covering and strong weekly export sales. November Paris Matif rapeseed futures /COMX8 edged higher and Malaysian November palm oil futures /1FCPOX8 eased.

* The Canadian dollar CAD= was trading at $1.2907 to the U.S. dollar, or 77.48 U.S. cents at 1:07 p.m. CDT (1807 GMT).

* Harvest stalled by wet, cool weather, but ahead of normal pace in the Canadian province of Saskatchewan. GRO/SAS

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