ICE Canadian canola futures rose on Monday, snapping a two-day skid, in thin volume with US markets closed for a holiday. Canola seen supported by thin supplies and a lack of farmer selling, however new-crop rose faster than old crop July as traders whittled down July's large premium. July canola added 30 cents to $634.80 per tonne on volume of 1,565 contracts.
November canola gained $3.10 to $560.60 per tonne on volume of 1,019. July-November spread narrowed to a July premium of $74.20, trading 579 times. MATIF Paris August rapeseed slipped 0.2 percent. Canadian dollar was trading at $1.0334 versus the US dollar or 96.77 US cents at 1:47 pm CDT (1847 GMT), down from Friday's close $1.0321 against the US dollar, or 96.89 US cents.
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