ICE canola futures rebound on vegoils strength
WINNIPEG, Manitoba, July 8 (Reuters) - ICE canola futures rebounded on Tuesday from sharp losses on Monday, picking up strength from other vegoils.
• November canola RSX5 settled up $7.30 at $704.10 per metric ton. Other new crop contracts rose a similar amount or slightly more.
• Significant rains over the weekend and forecasts for more hit the market on Monday, but the underlying situation of lingering drought means yields are far from assured. The market will be trading one rain to the next, traders said.
• Chicago Board of Trade soyoil futures BOv1 rose 0.26%.
• Euronext August rapeseed futures COMQ5 rose 0.48%.
• Malaysian palm oil futures FCPOc3 rose 1.87% on Tuesday on strength in Dalian palm oil and Chicago soyoil, plus weakness in the ringgit. POI/
• The Canadian dollar CAD= strengthened slightly but stayed near eight-day lows on the recent trade threats from U.S. President Donald Trump. CAD/
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