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ICE Canada canola rises on bargain-buying

Published 2016-03-02, 03:33 p/m
ICE Canada canola rises on bargain-buying

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, March 2 (Reuters) - ICE Canada canola
futures rose on Wednesday due to bargain-buying after a four-day
skid.
* Limited farmer selling also supported higher prices, a
trader said.
* China's new canola shipping standard concerns market.
Paterson Grain said on Wednesday that it would be more cautious
selling to Chinese buyers.
* Most-active May canola RSK6 gained $5.30 at $452.10 per
tonne.
* ICE reported deliveries of 100 March RSH6 contracts,
with expiry on March 14.
* May-July canola spread traded 2,418 times.
* Chicago May soybeans SK6 rose on bargain-buying after
six straight declines.
* Malaysian May palm oil 1FCPOK6 and NYSE Liffe Paris May
rapeseed COMK6 fell.
* The Canadian dollar CAD= was trading at $1.3425 to the
greenback, or 74.49 U.S. cents at 2:23 p.m. CST (2023 GMT), down
from Tuesday's close at $1.3414 to the greenback, or 74.55 U.S.
cents.

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