Canadian canola futures set three-week high

18 Mar, 2016

ICE Canadian canola futures climbed to a fresh three-week high on Tuesday, supported by a weaker Canadian dollar and export demand. Lack of farmers selling to exporters and processors seen supporting the market, a trader said.
Most-active May canola gained 90 cents at $467.30 per tonne.
-- July canola added $1.60 to $468.90 per tonne. May-July canola spread traded 4,359 times.
-- Chicago May soybeans fell on pressure from Brazil's harvest.
-- Malaysian May palm oil rose 0.7 percent.

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