ICE Canadian canola futures rose on Friday, with the nearby month rising fastest amid tight supplies, and notching up a 3 percent weekly gain. Rain for parts of Western Canada added some concern about planting delays, but new crop months lagged the front contract. ICE Futures Canada will be closed on Monday for a Canadian holiday. July canola gained $10.70 to $636.80 per tonne on volume of 10,482 contracts.
November added $6.10 to $551.30 per tonne on volume of 3,367 contracts. July-November spread widened to a July premium of $85.50, trading 2,161 times. Chicago Board of Trade July soybeans gained 21 US cents at US $14.48-1/2 per bushel. Canadian dollar was trading at $1.0274 versus the US dollar or 97.33 US cents at 1:12 pm CDT (1812 GMT), down from Thursday's close at $1.0192 to the greenback, or 98.12 US cents.
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