ICE Canadian canola futures rose on Tuesday for a fourth straight session, lifted by routine exporter buying and bucking pressure from weakness in soyabeans. Thin volumes allowed canola to rise on modest buying, with farmers not active sellers into the cash system. Active options activity added support for futures - trader. July $610 puts sold 387 times.
Most-active May canola gained 40 cents to $623.90 per tonne on volume of 7,452 contracts. New-crop November rose $3.00 to $554.90 on volume of 3,313 contracts. May-July spread narrowed to a May premium of $13.50, trading 1,993 times. Chicago Board of Trade May soyabeans gave up 2-3/4 US cents to US $14.06-3/4 per bushel on long liquidation and South America harvest pressure. MATIF Paris May rapeseed added 0.4 percent. Malaysian May palm oil lost 1.3 percent. Canadian dollar was trading at $1.0273 versus the US dollar, or 97.34 US cents, at 1:51 pm CDT (1851 GMT), down from Monday's close at $1.0223 against the greenback, or 97.82 US cents.
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