Canadian canola rises on short-covering

ICE Canadian canola rose on Tuesday, halting a five-day skid, on short-covering and strength in soyoil. January canola added $3.70 at $464.60 per tonne. March canola climbed $3.40 to $471.10 per tonne. January-March spread traded 4,256 times. Chicago January soybeans finished little changed, underpinned by short-covering and technical buying.

Malaysian January palm oil dipped and NYSE Liffe Paris February rapeseed rose. The Canadian dollar was trading at $1.3287, or 75.26 US cents at 1:37 pm CST (1937 GMT), higher than the Bank of Canada’s official close of $1.3373, or 74.78 US cents.

Copyright Reuters, 2015 


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