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ICE canola futures jump on soy products, weak loonie

(All figures in Canadian dollars unless noted) WINNIPEG, Manitoba, Sept 21 (Reuters) — ICE canola futures surged on Monday with support from soybean products and a weakening Canadian dollar. November canola futures rose $12.90 to $835.20 per metric ton, a gain of 1.68%. Western Canadian farmers continue to struggle to bring in the crop, with rain and cold overnight conditions limiting time that combines can run. Canadian crops are being hurt by the wet harvest weather, with quality downgrading widespread in cereal grain crops, but canola tends to suffer the least from these conditions as long as crops can be physically lifted up by combines, farmers say. Strength in other non-vegoil crops helped the whole complex stay strong on Monday, a trader said. Brent crude oil fell after a comparatively quiet weekend in the Red Sea, with US President Donald Trump said to have called off planned air strikes on the Houthi forces in western Yemen. Chicago soyoil rose 0.92%. Soybeans rose 1.88%. GRA/ Euronext rapeseed futures rose 1.08%. Malaysian palm futures fell 0.21%. POI/ (Reporting by Ed White; Editing by Perla Velasco) ((ed.white@thomsonreuters.com )

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