Markets

ICE canola rises on crusher buying in thin trade

WINNIPEG : ICE Canada canola futures rose on Monday as crusher buying picked up and farmer selling eased, traders said.

Published March 5, 2012 Updated March 5, 2012 10:19pm

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By Abdul Ahad

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* Total volume was 10,900 contracts, the smallest since Jan. 19.

* Benchmark May rose $4.70 to $575.20 per tonne on volume of 4,762 contracts.

* 55 contracts of expiring spot month March canola were delivered on Monday.

* May-July spread traded 1,329 times, settling at a July premium of 70 cents. July-November spread settled at a July premium of $36, trading 1,467 times.

* Chicago May soybeans lost 8 US cents to US$13.25 per bushel. May soyoil slipped 0.35 cent to 53.73 US cents per lb.

* MATIF May rapeseed gained 0.3 percent.

* The Canadian dollar was trading at $0.9936 against the US dollar or US$1.0064 at 1:19 p.m. CST (1919 GMT), down from Friday's close at$0.9886, or US$1.0115.

* US light crude oil added 0.02 percent at $106.72 per barrel.

* China 2012 rapeseed output seen slightly higher.

* Australia farmers seen shifting to canola, barley.

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