ICE Canadian canola futures rose on Monday in thin early volume, continuing their recent march higher ahead of a key US government report. Markets awaited a US Department of Agriculture report, due at 11 am CST (1700 GMT), which analysts expect to show a lowering of the agency's estimates for soy and corn crops in Brazil and Argentina following poor crop weather in recent weeks.
Canadian government's move Friday to force railways to boost crop shipments seen as bullish for canola. Most-active May canola gained $2.20 to $452.40 per tonne at 8:17 am CST (1417 GMT). Chicago May soybeans lost 6-1/4 US cents at US $14.51-1/2 per bushel. NYSE Liffe Paris May rapeseed edged up 0.2 percent. Malaysian May palm oil added 0.5 percent. Canadian dollar was trading at $1.1110 versus the US dollar or 90.01 US cents, down from Friday's close at $1.1090 to the greenback, or 90.17 US cents.
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