ICE Canadian canola futures rose on Thursday on weakness in the Canadian dollar, and shrugged off a dip in soybean prices. May canola gained $2.10 to $465 per tonne. July canola added $1.60 to $461 per tonne. May-July spread traded 1,456 times. Chicago Board of Trade May soybeans dipped 3-1/4 US cents to US $9.61-3/4 per bushel. Malaysian May palm oil and NYSE Liffe Paris May rapeseed rose.
The Canadian dollar was trading at C$1.2744, or 78.47 US cents, at 1:04 pm CDT (1804 GMT), down from Wednesday's close of C$1.2570, or 79.55 US cents.
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