ICE Canadian canola futures ended higher on Friday, supported by strength in allied US soya futures and a weaker Canadian dollar, traders said. Gains limited by farmer selling and expectations of a big canola harvest this autumn. November canola settled up $2.90 at $449.80 per tonne, after trading as high as $455.40.
January canola ended up $3 at $456.50, after reaching $462. Chicago November soyabeans rose on strong demand as the US Department of Agriculture confirmed fresh export sales of US soya for an eighth consecutive trading day. NYSE Liffe November rapeseed ended up 0.5 percent and October Malaysian palm oil rose 1.5 percent.
Comments
Comments are closed.