All figures in Canadian {dollars} except famous
WINNIPEG, Manitoba, April 21 (Reuters) – ICE canola futures surged to a report excessive for the second straight day on Wednesday, lifted by tight Canadian provides and strong demand for oilseeds.
* Money costs to Canadian farmers proceed to rise, as commercials attempt to entice growers to promote remaining provides, inflicting the futures to climb, a market supply mentioned.
* July canola RSN1 added $11.70 to $819.10 per tonne.
* The Might contract RSK1, buying and selling in decrease quantity forward of expiry on Might 14, set a report close by value of $880.10.
* Canada’s agriculture ministry estimated canola plantings to rise 4% from final yr to 21.6 million acres.
* Commerce expects, on common, Canadian canola plantings of 22.6 million acres, up from 20.eight million a yr in the past, in keeping with a Reuters survey. Statistics Canada will challenge its planting intentions report on April 27.
* July-November canola unfold traded 3,016 instances.
* U.S. corn and soybean futures climbed to multi-year highs, supported by agency money markets as old-crop provides dwindle and climate points threaten prospects for the 2021 harvests. GRA/
* Euronext August rapeseed futures /COMQ1 and Malaysian July palm oil futures /FCPON1 climbed.
* China issued pointers recommending the discount of corn and soymeal in pig and poultry feed, a measure that would reshape the circulation of grains into the world’s prime corn and soybean purchaser.
(Reporting by Rod Nickel in Winnipeg, Manitoba; Modifying by Peter Cooney)
(([email protected];(1 204 230 6043)(Reuters Messaging: [email protected])@RodNickel_Rtrs))
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