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ICE Canada canola climbs to 2-week high

Published 2016-05-25, 03:09 p/m
ICE Canada canola climbs to 2-week high
RSc1
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(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 25 (Reuters) - ICE Canada canola
futures climbed on Wednesday to a two-week high, boosted by a
surge in soy futures on concerns about Argentina rains curbing
soymeal supplies.
* Canola's ascent looks overdone, a trader said, given that
crop conditions are generally favorable in Western Canada.
* July canola RSN6 gained $5 to $524.80 per tonne. Reached
$527.50, the contract's highest price since May 11.
* November canola RSX6 added $4.90 at $521.80 per tonne.

* July-November canola spread traded 3,110 times.
* Chicago July soybeans SN6 jumped on soymeal strength and
short-covering.
* NYSE Liffe August rapeseed COMQ6 and August Malaysian
palm oil 1FCPOQ6 rose.
* The Canadian dollar CAD= was trading at $1.3069 to the
greenback, or 76.52 U.S. cents at 1:06 p.m. CDT (1806 GMT),
higher than Tuesday's official close of $1.3146, or 76.07 U.S.
cents.

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