ICE Canadian canola futures rose on Tuesday to a nearly two-week high, lifted by modest fund buying and stronger soya markets. Funds bought an estimated 1,000 January contracts, with the nearby month trading above its 100-day moving average. A pick-up in farmer selling to the cash system held gains in check. January canola gained $2.60 to $435.20 per tonne, rising for the fourth straight session. The contract touched $436.90, the highest since November 12.
Chicago Board of Trade January soyabeans climbed 17-1/4 US cents to US $10.51 per bushel. Malaysian January palm oil added 0.7 percent. NYSE Liffe Paris February rapeseed tacked on 0.8 percent. The Canadian dollar was trading at $1.1243, or 88.94 US cents at 1:30 pm CST (1930 GMT), up from Monday's close of $1.1289, or 88.58 US cents.
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