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ICE Canadian canola futures rose on Wednesday after two consecutive losses on spillover strength from soybeans. A pickup in farmer selling after last week's gains limited canola's upside, a trader said. Most-active January canola rose $3.70 to $434.80 per tonne. ICE Futures Canada reported delivery of 63 November contracts.
Chicago Board of Trade January soybeans gained 9-1/2 US cents to US $10.19-1/4 per bushel, lifted by short-covering. Malaysian January palm oil dropped 2.4 percent. NYSE Liffe Paris February rapeseed shed 0.6 percent. The Canadian dollar CAD= was trading at $1.1397, or 87.74 US cents at 1:24 pm CST (1924 GMT), up from Tuesday's close of $1.1410, or 87.64 US cents.

Copyright Reuters, 2014

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