WINNIPEG: ICE Canada canola futures rose on Thursday in light speculator buying, following soybeans higher.
Canola seen attracting only modest buying interest due to crop transportation problems in Western Canada.
Trade sees Canadian canola stocks of 12.3 million tonnes at Dec. 31, 2013, up 50 percent year over year. Statistics Canada reports on Tuesday.
Farmer selling added some commercial hedge pressure, capping gains - trader.
March canola rose $2.20 at $426 per tonne on volume of 7,436 contracts.
March-May spread narrowed to a May premium of $9.90, trading 5,092 times.
Chicago March soybeans gained 5-3/4 U.S. cents at US$12.75 per bushel, supportive by U.S. weekly export sales data.
NYSE Liffe Paris February rapeseed added 0.9 percent.
Canadian dollar was trading at $1.1165 versus the U.S. dollar or 89.57 U.S. cents at 1:12 p.m. CST (1912 GMT), up from Wednesday's close at $1.1178 to the greenback, or 89.46 U.S. cents.
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