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ICE Canada July canola higher on export talk, softer C$

Published 2016-05-19, 04:21 p/m
© Reuters.  ICE Canada July canola higher on export talk, softer C$

(All figures in Canadian dollars unless noted)
May 19 (Reuters) - ICE Canada July canola futures RSN6
rose on Thursday for a fifth straight session, supported by
rumors of export business to China and a weaker Canadian dollar,
traders said.
* July canola RSN6 rose 50 cents to settle at $523.10 per
tonne on volume of 10,040 contracts.
* November canola RSX6 settled down 10 cents at $519.70
per tonne on volume of 6,461 contracts.
* Chicago Board of Trade July soybeans SN6 fell, following
a broad-based sell-off in commodities, but the market pared
losses as CBOT soymeal 0#SM: bucked the weak trend and rallied
to contract highs.
* NYSE Liffe August rapeseed COMQ6 fell 0.94 percent and
July Malaysian palm oil 1FCPON6 fell 1.74 percent.
* The Canadian dollar CAD= was trading at $1.3099 to the
greenback, or 76.34 U.S. cents at 3:11 p.m. CDT (2011 GMT),
weaker than Wednesday's close of $1.3023, or 76.79 U.S. cents.
* The Canadian currency fell as U.S. Federal Reserve
interest rate hike speculation weighed on commodity markets,
while domestic data was weaker than expected.

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