ICE canola futures rise on soy strength
WINNIPEG, Manitoba, Aug 11 (Reuters) - ICE canola futures followed the soybean and soyoil markets higher on Monday.
• November canola RSX5 settled up $11.40 at $680.80 per metric ton. January RSF6 rose $11.20 to $692.20.
• Substantial rain fell in many parts of the Canadian prairies in the last week. For early seeded cereals like wheat rain can be more harm than help since most are close to harvest and need to dry. Later seeded canola will mostly benefit from moisture as pods fill. Some early-seeded canola is close to mature. Soybeans, corn and sunflowers are benefitting.
• Chicago Board of Trade soybean futures Sv1 rose 2.3% and soyoil futures BOv1 gained 0.91% after U.S. President Donald Trump encouraged China to quadruple its purchases of U.S. soybeans.
• Euronext August rapeseed futures COMc1 rose 1.17%.
• Malaysian palm oil futures FCPOc3 rose more than 3% on strong exports and strength in the Dalian markets. POI/
• The Canadian dollar CAD= weakened. CAD/
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