ICE Canada canola gains on weather concerns elsewhere

Published 2016-06-06, 02:46 p/m
ICE Canada canola gains on weather concerns elsewhere

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, June 6 (Reuters) - ICE Canada canola
futures rose on Monday, supported by gains in soybean prices
that were linked to weather concerns.
* Lack of farmer selling also supported the canola market,
an analyst said.
* Chicago soy futures were helped higher by concerns about
dry conditions in the U.S. Midwest.
* France's farm ministry forecast that the country's winter
rapeseed production would fall this year after wet weather
favored disease development. Rapeseed is similar to
canola.
* July canola RSN6 added $3 to $517.10 per tonne.
* November canola RSX6 gained $2.20 to $522.60 per tonne.
* July-November canola spread traded 8,224 times.
* NYSE Liffe August rapeseed COMQ6 rose and August
Malaysian palm oil 1FCPOQ6 dipped.
* The Canadian dollar CAD= was trading at $1.2829 to the
greenback, or 77.95 U.S. cents at 1:16 p.m. CDT (1816 GMT),
higher than Friday's close at $1.2943 to the greenback, or 77.26
U.S. cents.

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