ICE Canadian canola futures rose on Friday, halting a five-day skid, and finishing with a small monthly gain. Weakness in the Canadian dollar may have attracted exporter buying, and stronger soyaoil prices were also supportive, a trader said.
Late commercial hedges limited gains, and the market also saw profit-taking at the end of the month by both longs and shorts. March canola added $4.30 to $453.40 per tonne. The nearby contract dropped 1.8 percent on the week, and gained 0.2 percent for the month. May canola rose $3.30 to $449.40 per tonne. March-May spread traded 2,881 times.
Chicago Board of Trade March soyabeans shed 7-1/4 US cents to US $9.61 per bushel. March soyaoil rose 1.6 percent. Malaysian April palm oil added 0.6 percent. NYSE Liffe Paris May rapeseed gained 1 percent. The Canadian dollar was trading at $1.2735, or 78.52 US cents at 12:52 pm CST (1852 GMT), down from Thursday's finish at $1.2611, or 79.30.
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