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ICE Canadian canola futures edged higher on Thursday, lifted by stronger soy prices and crusher buying. Crush margins are strong and farmers have been slow sellers of canola to the cash market, keeping prices firm, a trader said. March canola gained $1.10 to $487 per tonne. March-May canola spread traded 4,066 times.

Chicago March soyabeans finished slightly higher, underpinned by scaled-back estimates for Brazil's harvest due to drought. Paris Matif May rapeseed futures eased and Malaysian April palm oil futures rose. The Canadian dollar was trading at $1.3361 per US dollar, or 74.84 US cents, at 1:21 p.m. CST (1921 GMT).

Copyright Reuters, 2019


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