ICE Canadian canola futures climbed on Thursday, ending a five-day skid, lifted by a surge in US soya prices. Canola's gains lagged those of soyabeans, however, amid concerns about China slowing imports of Canadian canola due to a diplomatic dispute, a trader said. Canola's slide in recent sessions was the longest since July for a nearby contract.
March canola gained $3.90 to $474.80 per tonne. Most-active May canola added $3.60 to $482.90 per tonne. March-May canola spread traded 6,062 times. Chicago March soyabeans climbed on short-covering and a US government forecast for lower soyabean plantings this year.
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