ICE Canadian canola futures rose on Thursday to a 7-1/2 month high, supported by fund and crusher buying. Funds added to their long position in May and also rolled part of their March long position into May, a trader said. March canola gained $3.60 to $473.50 per tonne. Touched $475.60, the highest nearby price since July. Most-active May canola added $4.80 to $467.90 per tonne.
March-May spread traded 7,031 times. Chicago Board of Trade March soybeans gained 11-1/2 US cents to US $10.07-1/4 per bushel. NYSE Liffe Paris May rapeseed edged up 0.1 percent. The Canadian dollar was trading at $1.2499, or 80.01 US cents at 1:32 pm CST (1932 GMT), down from Wednesday's close of $1.2418, or 80.53 US cents.
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