ICE Canadian canola futures rose on Friday, following a rally in the soyabean market amid a lack of fresh fundamental news, traders said. Most-active November canola gained $3.50 to $450.70 per tonne. The contract settled above its 10-day moving average for the first time since June 20. The November-January spread traded 2,173 times, with the premium to the January contract losing 30 cents. Chicago Board of Trade August soyabean futures jumped 1.6 percent on support from forecasts for hot weather in the US Midwest. Both Paris Matif August rapeseed futures and Malaysian September palm oil futures were slightly higher.
Comments
Comments are closed.