WINNIPEG, (Manitoba): ICE canola futures climbed on Friday, lifted by a Canadian Prairie heat wave and a surge in prices of vegetable oil rival soybean oil.
Prices are supported by concerns that the Canadian crop may not develop properly due to dry soils and high temperatures, traders said.
Most-active November canola gained $19.90, or 2.7%, to $763.60 per tonne.
November-January canola spread traded 2,255 times.
Chicago corn, soybean and wheat futures gained as hot, dry conditions forecast in parts of the US Midwest threatened yield potential.
Euronext August rapeseed futures and Malaysian August palm oil futures eased.
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