WINNIPEG: ICE Canada canola futures were mostly higher on Monday to post a monthly gain of 4.4 percent, their third straight monthly increase.
* Higher soybean prices, due to US soybean export business, underpinned new-crop canola.
* Nearby July canola weakened as it was considered overbought after posting its biggest weekly advance last week in nearly a year.
* July canola was down $1.10 to $637.70 per tonne on volume of 6,460 contracts.
* New-crop November gained $2.90 to $582.70 per tonne on 5,376 contracts.
* May canola, ahead of the delivery period that starts Tuesday, gained $2.40 to $649.70 on 770 contracts traded in spreading versus July.
* May's premium over July widened to $12. July-November spread narrowed to a July premium of $55, trading 2,723 times.
* Chicago May soybeans gained 6-1/4 US cents to US$15.03 per bushel. May soyoil lost 0.52 cent to 54.66 US cents per lb.
* MATIF August rapeseed slipped 0.3 percent.
* The Canadian dollar was trading at 0.9874 against the US dollar or US$1.0128 at 1:07 p.m. CDT (1807 GMT), down from Friday's finish at $0.9810 versus the US dollar, or US$1.0194.
* US light crude oil settled nearly flat at $104.87 per barrel.
* Canada farmers tightening canola rotations.
* Exporters sell 220,000 tonnes US soybeans to China for 2012/13.
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