Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday, halting a four-day skid on short-covering. Limited farmer selling to the cash pipeline added support, a trader said. The market was lower earlier on pressure from technical selling. Most-active May canola gained $1 to $485.50 per tonne. July canola added 80 cents to $489.70 per tonne. May-July canola spread traded 2,645 times.
Chicago Board of Trade May soybeans settled slightly lower. NYSE Liffe May rapeseed rose and June Malaysian palm oil dropped. The Canadian dollar was trading at $1.3415 to the US dollar, or 74.54 US cents at 12:58 pm CDT (1758 GMT), lower than Monday's close of $1.3386, or 74.70 US cents.