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ICE Canada canola ends higher on technicals, U.S. soy strength

Published 2016-03-07, 04:04 p/m
ICE Canada canola ends higher on technicals, U.S. soy strength

(All figures in Canadian dollars unless noted)
March 7 (Reuters) - ICE Canada nearby canola futures settled
higher on Monday on technical buying and spillover strength from
allied U.S. soy markets, traders said.
* Most-active May canola RSv1 settled up $4.90 at $457.20
per tonne. Deferred contracts rose in thin volume.
* Chicago May soybeans SK6 rose for a fourth straight
session on short-covering. CBOT soyoil futures 0#BO: also
climbed.
* Malaysian May palm oil 1FCPOK6 rose 1.2 percent on
Monday and NYSE Liffe Paris May rapeseed COMK6 rose 1.1
percent.
* The Canadian dollar CAD= was trading at $1.3278 to the
greenback, or 75.31 U.S. cents at 2:21 p.m. CST (2021 GMT),
above Friday's close of $1.3324, or 75.05 U.S. cents.

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