Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday for just the second time in 10 sessions, on bargain-buying and a slowdown in technical selling. Higher Chicago soyaoil prices added strength to canola. January canola gained $2.60 to $493.80 per tonne. Most-active March canola rose $2.40 to $501.10. January-March canola spread traded 3,724 times.
Chicago January soyabean futures fell on technical selling and due to forecasts for beneficial rains for South American crops. NYSE MATIF February rapeseed and Malaysian February crude palm oil eased. The Canadian dollar was trading at $1.2875 to the US dollar, or 77.67 US cents at 1:29 pm CST (1929 GMT).