ICE canola climbs on weather woes, US soy strength
All figures in Canadian dollars unless noted
July 22 (Reuters) -ICE canola futures surged on Monday as traders weighed the consequences of stressful hot weather in the Canadian Prairies and strength in allied U.S. soy futures, traders said.
Most-active November canola RSX4 settled up $26.90, or 4.16%, at $673.10 per metric ton.
The November-January canola spread RSX4-F5 firmed, with the November contract RSX4 narrowing its discount to the January RSF5 contract to $4.70, from $5.50 a day earlier.
On the Chicago Board of Trade (CBOT), August soyoil futures BOQ24 rose 0.44 U.S. cent to finish at 47.00 U.S. cents per pound. Benchmark CBOT November soybeans SX24 jumped 32-3/4 U.S. cents to end at US$10.68-3/4 a bushel. SOY/C
Euronext November rapeseed futures COMX4 rose 1.42% and Malaysian palm oil FCPOc3 markets climbed 0.61% on Monday. POI/
Reporting by Julie Ingwersen in Chicago; Editing by Sherry Jacob-Phillips
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