WINNIPEG: ICE Canada canola futures rose on Friday, as light hedge pressure couldn't offset buying in thin trading, and registered weekly and monthly gains.
* Harvest expected to accelerate during long weekend.
* Thoughts of smaller-than-expected canola crop underpins the market, as yields disappoint in some areas - trader.
* ICE Canada closed on Monday for Labor Day.
* November canola gained $1.90 to $637.60 per tonne on volume of 8,201 contracts. Posted second straight weekly gain, of 0.6 percent, and a monthly gain of 1 percent.
* January canola rose $2.00 to $641.20 on volume of 2,620 contracts.
* November-January spread widened to a January premium of $3.60, trading 2,463 times.
* Chicago Board of Trade November soybeans lost 7 US cents at US$17.56-1/2 per bushel.
* MATIF November rapeseed slipped 0.6 percent.
* Canadian dollar was trading at $0.9856 against the US dollar or US$1.0146 at 2:17 p.m. CDT (1917 GMT), up from Thursday's North American session close at $0.9923 versus the greenback, or US$1.0078.
* China buys big Canada canola volume, unlikely to alter barriers.
* Canada weekly canola crushings dip 2.8 percent.
* Isaac rain stalls US crop harvest, some damage done.
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