AAll figures in Canadian dollars, unless otherwise indicated
May 20 (Reuters) – ICE Canada canola futures rose on Friday, rebounding from three straight days of declines as investors focused on the tight supply situation, traders said.
* Strong global vegetable oil markets supported canola.
* The contract of July close RSN2 gained $21.30 to $1,171.30 a tonne, topping its 10-day, 20-day and 30-day moving averages.
* Most Active November Canola RSX2 was $10.80 higher at $1,058.70 per ton. The contract closed below its intraday high after hitting technical resistance at its 10-day moving average.
* Canola spread from July to November RSN2-X2 traded 1,629 times.
*Chicago Board of Trade July Soybean Oil Futures GOOD2 rose 1.4 cents to 80.93 cents a pound. July CBOT Soybeans SN2 rose 14 3/4 cents to $17.05 1/4 a bushel. SOY/C
* Euronext August rapeseed futures COMQ2 gained 0.15%, while Malaysian palm oil futures FCPOc3 closed up 0.77%.
(Reporting by Mark Weinraub; Editing by Amy Caren Daniel)
((firstname.lastname@example.org; +1 313 484 5282; Reuters Messaging: email@example.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.