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Markets

ICE canola futures edge higher on soy, rapeseed strength  

WINNIPEG: ICE canola futures edged higher, boosted by strength in soybean and rapeseed prices.
  • Trade was lackluster
Published Updated

WINNIPEG: ICE canola futures edged higher, boosted by strength in soybean and rapeseed prices.

* Trade was lackluster, with little interest in buying or selling, a trader said.

* Most-active January canola gained 60 cents to $482.40.

* January-March canola spread traded 1607 times, finishing at a $7.60 March premium.

* Chicago January soybeans gained on firming US cash values and optimism for US-China trade talks.

* February Paris Matif rapeseed futures rose and Malaysian December palm oil futures fell.

* The Canadian dollar

was trading at $1.3215 to the US dollar, or 75.67 US cents at 1:29 p.m. CST (1929 GMT).

Copyright Reuters, 2018

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