ICE Canadian canola futures climbed on Thursday to a nearly seven-month high, lifted by strength in crude oil and soyaoil. Statistics Canada is expected to report on Tuesday record-large Canadian canola production of 18.8 million tones January canola added $2.50 at $527.70 per tonne.
Most active March canola gained $1.80 at $534.30 per tonne. Touched the highest most active price, $538.30, since May 10 January-March canola spread traded 5,294 times. Chicago January soyabeans last traded unchanged. NYSE Liffe February rapeseed and Malaysian February crude palm oil rose. The Canadian dollar was trading at $1.3308 to the US dollar, or 75.14 US cents at 12:58 pm CST (1858 GMT), higher than Wednesday's close of $1.3429, or 74.47 US cents.
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