WINNIPEG: ICE Canada canola futures rose slightly on Wednesday, supported by cool, wet weather ahead of planting.
Unusually chilly weather on the Canadian Prairies has hampered spring fieldwork by farmers, creating mild concerns about planting, traders said. A lack of farmer selling to the cash market is also seen as supportive.
Most-active July canola added 20 cents at $477.40 per tonne.
July-November spread widened to a November premium of $7.90 per tonne.
Chicago July soybeans eased 4-1/2 U.S. cents at US$15.12-3/4 per bushel on profit-taking.
NYSE Liffe Paris May rapeseed added 1.3 percent, with deferred months lower.
Malaysian May palm oil was slightly higher, with back months lower.
Canadian dollar was trading at $1.0946 versus the U.S. dollar or 91.36 U.S. cents at 1:09 p.m. CDT (1809 GMT), up slightly from Tuesday's close at $1.0951 to the greenback, or 91.32 U.S. cents.
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