ICE canola futures follow soyoil for small gain
WINNIPEG, Manitoba, Sept 11 (Reuters) - ICE canola futures followed Chicago soyoil higher on Thursday, chalking up a second day of gains.
• November canola RSX5 settled up $3.60 at $631.70 per metric ton. January settled up $3.40 at $644.10.
• Canola futures have seen little direction in recent sessions, traders said. Bears expect a further leg down, while bulls think a bottom might be establishing.
• Canola is being harvested across Western Canada. Rain in Manitoba and forecast for Saskatchewan in coming days is expected to slow progress.
• Chicago Board of Trade soyoil futures BOv1 rose 1.16%.
• Euronext rapeseed futures COMc1 fell 0.27%.
• Malaysian palm oil futures FCPOc3 rose 0.79% on lower-than-expected increases in production. POI/
• The Canadian dollar CAD= slightly rose. CAD/
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