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ICE Canadian canola futures eased on Wednesday, pressured by a surging Canadian dollar. The dollar's strength more than offset the otherwise bullish influence of a rally in soyaoil, a trader said. The Canadian dollar touched an eight-week high after a Fed decision to leave rates unchanged. March canola dipped 90 cents to $483.60 per tonne. March-May canola spread traded 7,575 times. Chicago March soyabeans ended up slightly, focused on US-China trade talks.

Paris Matif May rapeseed futures and Malaysian April palm oil futures edged higher. The Canadian dollar was trading at $1.3208 to the US dollar, or 75.71 US cents at 12:55 p.m. CST (1855 GMT).

Copyright Reuters, 2019


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