Canadian canola futures rise





ICE Canadian canola futures rose on Tuesday, following soyabeans, on thin volume and with farmers not selling much of their new crop. Volumes totaled less than 8,000 contracts with US stock markets closed after Hurricane Sandy. Chicago soyabeans rose on support from a weak US dollar and firm cash markets. November canola gained $2.10 to $621.20 per tonne on volume of 1,768 contracts. November open interest down to about 7,000 contracts, with delivery beginning Thursday. 

Copyright Reuters, 2012





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