(All figures in Canadian dollars unless noted)
July 22 (Reuters) – ICE Canada canola futures rose on
Monday, lifted by strength in soybeans, but favorable Canadian
crop conditions kept a lid on canola’s gains, traders said.
* Weakness in MATIF rapeseed futures also held canola in
check.
* November canola gained $3.20 or 0.6 percent to
$519.70 per tonne on volume of 10,193 contracts.
* November-January spread narrowed to a January premium of
$5.20, trading 1,515 times.
* Chicago November soybeans added 14-1/2 U.S. cents
or 1.1 percent to US$12.88-1/2 per bushel, led higher by spot
August on tight cash soy and slow farmer selling.
* MATIF Paris November rapeseed lost 1 percent.
* Malaysian September palm oil gained 0.9 percent.
* Canadian dollar was trading at $1.0332 versus the
U.S. dollar or 96.79 U.S. cents at 1:15 p.m. CDT (1815 GMT), up
from Friday’s close at $1.0367 versus the U.S. dollar, or 96.46
U.S. cents.
(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by
Marguerita Choy)
