ICE Canada July canola futures rose on Thursday for a fifth straight session, supported by rumors of export business to China and a weaker Canadian dollar, traders said. July canola rose 50 cents to settle at $523.10 per tonne on volume of 10,040 contracts. November canola settled down 10 cents at $519.70 per tonne on volume of 6,461 contracts.
Chicago Board of Trade July soybeans fell, following a broad-based sell-off in commodities, but the market pared losses as CBOT soymeal bucked the weak trend and rallied to contract highs. NYSE Liffe August rapeseed fell 0.94 percent and July Malaysian palm oil fell 1.74 percent. The Canadian dollar was trading at $1.3099 to the greenback, or 76.34 US cents at 3:11 pm CDT (2011 GMT), weaker than Wednesday's close of $1.3023, or 76.79 US cents. The Canadian currency fell as US Federal Reserve interest rate hike speculation weighed on commodity markets, while domestic data was weaker than expected.
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