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ICE Canada canola ends mixed, falls for the week

Published 2016-05-27, 04:31 p/m
ICE Canada canola ends mixed, falls for the week
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 27 (Reuters) - ICE Canada canola
futures traded mixed on Friday, as funds rolled long positions
forward, and the nearby contract posted a weekly loss.
* Commercial and technical selling pressured the market, but
buying picked up near the day's lows as crusher margins looked
more favorable, a trader said.
* Rain has delayed planting in Alberta, but was badly
needed. Canola 86.5 percent planted. GRO/ALB
* July canola RSN6 lost $2.80 to $512.80 per tonne. Lost
2.5 percent for the week.
* November canola RSX6 gained $3.10 at $518.30 per tonne.

* July-November canola spread traded a brisk 11,801 times.
* Chicago July soybeans SN6 gained on technical buying
ahead of a long weekend in the United States.
* NYSE Liffe August rapeseed COMQ6 and August Malaysian
palm oil 1FCPOQ6 eased.
* The Canadian dollar CAD= was trading at $1.3030 to the
greenback, or 76.75 U.S. cents at 2:46 p.m. CDT (1946 GMT),
lower than Thursday's close of $1.2970, or 77.10 U.S. cents.
* Canada weekly canola crushings rise 10.4 percent.
OILS/CA
* ICE Futures Canada will be open on Monday during U.S.
holiday.

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