ICE canola futures gain again in vegoils updraft
WINNIPEG, Manitoba, Oct 7 (Reuters) - ICE canola futures gained more ground on Tuesday, as a rising tide of vegoils pulled prices higher.
• November canola RSX5 settled up $7.50 at $615 per metric ton. January RSF6 rose $7.70 to $628.10.
• Most of Canada's canola harvest is finished, with farmers reporting good yields that are expected to exceed Statistics Canada estimates.
• Farmers are relieved to see canola futures moving further above $600 per ton, since most have much of their production still to price, a farmer advisor said.
• Chicago Board of Trade soyoil futures BOv1 rose 1.31% on spillover from overseas markets.
• Euronext August rapeseed futures COMc1 rose 0.92%.
• Malaysian palm oil futures FCPOc3 rose 0.74% on general vegoils strength and speculation about lower palm production. POI/
• The Canadian dollar CAD= edged higher. CAD/
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