Canadian canola futures rise

05 Jul, 2013

ICE Canadian canola futures rose on Wednesday, following gains in US soybean futures, traders said. Light farmer selling added further support to the front-month contract, while gains in new-crop months were limited by good conditions for growth of the recently seeded crop. July canola rose $10.30 to $610.60 per tonne, on volume of 178 contracts. November canola rose $2.20 to $539.10 per tonne on volume of 5,965. November-January spread narrowed by 10 cents to a January premium of $4.90, trading 930 times.

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