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ICE Canada canola rises on soybean weather concerns

Published 2016-04-26, 02:55 p/m
© Reuters. ICE Canada canola rises on soybean weather concerns

(All figures in Canadian dollars unless noted)
WINNIPEG, Manitoba, April 26 (Reuters) - ICE Canada canola
futures mostly rose on Tuesday, lifted by higher prices of U.S.
soybeans on weather concerns for soy crops in the U.S. Midwest
and South America.
* May canola RSK6 gained $2.80 at $499.10 per tonne.
* Most-active July canola RSN6 added $2.30 to $501 per
tonne.
* May-July canola spread traded 4,727 times.
* November canola RSX6 eased, as traders expect plantings
to exceed Statistics Canada's estimate of 19.3 million acres, a
trader said.
* Chicago May soybeans SK6 rose on expectations that
planting progress will slow in the coming days due to rains
across the U.S. Midwest.
* Malaysian July palm oil 1FCPON6 rose and NYSE Liffe May
rapeseed COMK6 dipped.
* The Canadian dollar CAD= was trading at $1.2615 to the
greenback, or 79.27 U.S. cents at 12:51 p.m. CDT (1751 GMT),
higher than Monday's close of $1.2686, or 78.83 U.S. cents.

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