WINNIPEG: ICE Canada canola futures rose to contract highs on Thursday as farmers assessed damage to fields after high winds this week in Western Canada.
* Yield losses seen as significant after winds scattered canola in Alberta, Saskatchewan.
* Spillover support seen from rising US stocks and crude oil after the Federal Reserve announced a fresh phase of monetary stimulus.
* Late commercial hedges pared canola's gains.
* November canola gained $4.40 to $646.10 per tonne on volume of 7,914 contracts. Notched contract high of $648.60.
* January canola added $4.50 to $650.00 on volume of 3,221 contracts.
* November-January spread widened to a January premium of $3.90, trading 2,805 times.
* Chicago Board of Trade November soybeans added 1-1/2 US cents at US$17.47-1/4 per bushel.
* MATIF November rapeseed gained 0.2 percent.
* Canadian dollar was trading at $0.9690 against the US dollar, or US$1.0320, at 1:53 p.m. CDT (1853 GMT), up from Wednesday's close at $0.9766 versus the greenback, or US$1.0240.
* Saskatchewan canola crop 52 percent harvested.
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