ICE Canada canola rises on soybean strength

Published 2016-06-02, 02:42 p/m
© Reuters.  ICE Canada canola rises on soybean strength

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, June 2 (Reuters) - ICE Canada canola
futures rose on Thursday for a second straight day, supported by
strong gains for soybeans on worries about Argentina's soy crop.
* New-crop November contract posted bigger gains as funds
rolled long positions forward from July, an analyst said.
* Saskatchewan planting nearly complete and topsoil moisture
mostly adequate, the government said. GRO/SAS
* July canola RSN6 gained $3.20 to $520.60 per tonne.
* November canola RSX6 added $4.40 at $526.30 per tonne.

* July-November canola spread traded 10,021 times.
* Chicago July soybeans SN6 jumped on soymeal strength and
concerns about Argentina's soybean crop quality.
* NYSE Liffe August rapeseed COMQ6 and August Malaysian
palm oil 1FCPOQ6 rose.
* The Canadian dollar CAD= was trading at $1.3098 to the
greenback, or 76.35 U.S. cents at 1:11 p.m. CDT (1811 GMT),
weaker than Wednesday's close of C$1.3067, or 76.53 U.S. cents.


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