May 02, 2013
ICE Canadian canola futures slipped on Tuesday with soybeans, but registered their fourth monthly gain in five months. Some profit-taking seen after nearby canola registered a 1.7 percent gain in April. Tight Canadian supplies underpinned canola, with dry weather also hitting Australia’s canola crop.
May canola lost $5.80 to $636.20 per tonne on volume of 3,050 contracts. Most-active July shed $9.60 to $613.60 on volume of 9,831 contracts. May-July spread widened to a May premium of $22.60, trading 2,894 times. Chicago Board of Trade May soybeans dipped 4 US cents to US $14.67-3/4 per bushel. MATIF Paris August rapeseed eased 0.2 percent. Malaysian July palm oil rose 0.6 percent. Canadian dollar was trading at $1.0073 versus the US dollar, or 99.28 US cents, at 1:00 pm CDT (1800 GMT), up from Monday’s close at $1.0116 against the greenback, or 98.85 US cents. Source Reuters
Published: Zarai Media Team
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