ICE Canada canola ends higher, led by U.S. soy strength

Published 2016-05-17, 03:53 p/m
ICE Canada canola ends higher, led by U.S. soy strength

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, May 17 (Reuters) - ICE Canada canola
futures firmed on Tuesday, led by allied U.S. soy markets and a
lack of farmer offerings as producers stayed busy with planting,
traders said.
* July canola RSN6 rose 90 cents to settle at $516.80 per
tonne on volume of 7,803 contracts.
* November canola RSX6 settled up $2.70 at $515.60 per
tonne on volume of 5,730 contracts.
* The July-November canola spread traded about 3,000 times
between 50 cents and $3.40, premium July.
* Chicago July soybeans SN6 rose on fund-driven technical
buying and uncertainty about the size and quality of Argentina's
harvest, although CBOT soyoil closed near unchanged.

* NYSE Liffe August rapeseed COMQ6 rose 0.13 percent and
July Malaysian palm oil 1FCPON6 rose 0.31 percent.
* The Canadian dollar CAD= was trading at $1.2909 to the
greenback, or 77.47 U.S. cents at 2:36 p.m. CDT (1936 GMT),
weaker than Monday's close of $1.2896, or 77.54 U.S. cents.

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