ICE Canadian canola futures rose on Tuesday for the fourth time in five sessions, lifted by a bump in soyaoil prices. Volumes were light as funds that trade on technical factors and farmers were seen on the sidelines, a trader said. March canola gained $2 at $496.10 per tonne. May canola added $1.90 to $502.90 per tonne.
March-May canola spread traded 3,168 times. Chicago March soyabeans rose on concerns about dry Argentine weather. NYSE MATIF May rapeseed eased and Malaysian April crude palm oil rose. The Canadian dollar was trading at $1.2439 to the US dollar, or 80.39 US cents at 1:02 p.m. CST (1902 GMT). Ukraine's rapeseed exports are likely to rise 8 percent in 2018/19 due to a larger harvest, analyst UkrAgroConsult said. Analystics firm Informa trimmed its forecast of US 2018 soyabean plantings.
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