ICE Canadian canola futures mostly eased on Friday, as the main new-crop contract was pressured by a forecast for badly needed rains in parts of the Canadian Prairies. Planting weather in Canadian province of Alberta was favourable in past week, bumping up overall completion to 91 percent. July canola rose $1.40 to $514.60 per tonne, as current supplies are tight, a trader said. Most-active November canola eased 60 cents to $494.90 per tonne.
July-November canola spread traded 6,036 times. Chicago July soybeans rose on technical buying and US weather worries. NYSE MATIF August rapeseed dipped and Malaysian August palm oil rose.
Comments
Comments are closed.