ICE Canadian canola futures ended mixed on Tuesday, with concerns about delayed planting on the wet Canadian Prairies lifting new-crop months. Sharply lower Chicago wheat futures, due to news Russia will lift its export ban this summer, dragged down grains and oilseeds. Speculator buying partly offset by commercial hedges-trader. Nearby July canola ends month up 3.9 percent.
Total volume of nearly 28,000 contracts was second highest in one month. July slipped $1.30 to $589.50 per tonne on volume of 13,700 contracts. Snapped a nine-day winning streak on Monday.
New-crop November gained 50 cents to $594.10 on volume of 12,599. July-November spread traded 9,096 times and settled at a $4.60 premium on November. Chicago July soyabeans ended down 3-3/4 US cents to US $13.76 per bushel and July soyaoil dropped 0.12 cent to 58.49 US cents per lb.
The Canadian dollar was trading at $0.9691 to the greenback, or US $1.0319, at 1:37 pm CDT (1837 GMT), up from $0.9771 to the US dollar, or US $1.0234, at Monday's close. NYMEX crude oil futures settled up 2.1 percent at US $102.70 per barrel. German rapeseed crop to fall sharply - Oil World.
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