Glacier FarmMedia – Canola futures on the Intercontinental Exchange saw gains for the fifth-straight session on Tuesday, getting support from Chicago soyoil. The May canola contract closed above C$700 per tonne for the first time since August.
May Chicago soyoil exceeded the 60 U.S. cent per pound mark during trading for the fourth session in a row, but an analyst warned that it may be overbought. European rapeseed was up, while Malaysian palm oil was down.
Crude oil also declined as talks between the United States and Iran are set to resume on Thursday.
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Glacier FarmMedia – SOYBEANS advanced on the Chicago Board of Trade on Tuesday after moving lower in its previous two…
At mid-afternoon, the Canadian dollar lost nearly one-tenth of a U.S. cent compared to Monday’s close.
There were 75,315 canola contracts traded on Tuesday, compared to Monday when 68,979 contracts changed hands. Spreads accounted for 54,896 contracts in today’s trade.
Settlement prices are in Canadian dollars per metric tonne.
May 691.60 up 2.60
Jul 701.80 up 2.20
Nov 695.10 up 3.30
Jan 702.20 up 3.20
Spread trade prices are in Canadian dollars:
Mar/May 11.30 under to 12.40 under 11,826
Mar/Jul 21.60 under to 23.00 under 84
Mar/Nov 14.60 under to 16.50 under 1,000
May/Jul 10.00 under to 11.00 under 8,607
May/Nov 2.60 under to 4.80 under 207
May/Jan 10.20 under to 11.90 under 5
Jul/Nov 9.00 over to 5.80 over 4,925
Nov/Jan 6.80 under to 7.40 under 444
Nov/Mar 11.60 under to 12.00 under 143
Jan/Mar 4.40 under to 5.00 under 145
Mar/May 2.10 under to 3.30 under 30
Mar/Jul 3.50 under 4
May/Jul 0.30 over to 1.10 under 28
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