ICE Canadian canola futures rose on Thursday to an 11-month high, lifted by concerns about dryness and frost-damaged crop. Weakness in the Canadian dollar added support. Saskatchewan canola crop rated 41 percent good, 34 percent fair as of June 1. July canola gained $7.30 at $497.70 per tonne, and touched an 11-month high for a nearby contract of $498.60. The new-crop November canola added $6.10 to $494.70 per tonne. Chicago July soybeans rose on concerns about rainy weather slowing US planting.
Comments
Comments are closed.