ICE Canada canola jumps with soy prices

Published 2016-04-19, 02:38 p/m
ICE Canada canola jumps with soy prices

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, April 19 (Reuters) - ICE Canada canola
futures climbed on Tuesday, boosted by surging soy prices.
* Speculator and commercial buying boosted canola, a trader
said. Funds have established an estimated long position of 5,000
July contracts.
* Traders are awaiting Thursday's Statistics Canada report
on planting intentions. Canadian farmers are expected to plant
20.4 million acres of canola, up 1.5 percent from last year.

* May canola RSK6 gained $5.80 at $484.60 per tonne.
* Most-active July canola RSN6 added $4.70 to $488 per
tonne.
* May-July canola spread traded 10,001 times.
* Chicago May soybeans SK6 jumped on technical buying and
rains that slowed Argentina's soybean harvest. GRA/
* Malaysian July palm oil 1FCPON6 and NYSE Liffe May
rapeseed COMK6 rose.
* The Canadian dollar CAD= was trading at $1.2657 to the
greenback, or 79.01 U.S. cents at 12:50 p.m. CDT (1750 GMT),
higher than Monday's official close of $1.2797, or 78.14 U.S.
cents.

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