13 Mar 2013

Canadian canola futures mixed

ICE Canadian canola futures finished mixed on Monday, pressured in thin trading volume by late commercial hedges against farmer cash sales. Farmers seen making deliveries of old-crop canola. But supplies remain tight, and old-crop May and July were steadier than new-crop November. Most-active May canola added 50 cents to $628.30 per tonne on volume of 5,393 contracts. 
Canola Future

July eased 20 cents to $616.40 on volume of 871 contracts. May-July spread widened to a May premium of $11.90, trading 575 times. Chicago Board of Trade May soybeans rose 8-1/2 US cents to US $14.79-1/2 per bushel, on support from a firm cash market. 
Source: http://www.brecorder.com/

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