ICE Canadian canola futures rose on Wednesday on dryness concerns in parts of the Canadian Prairies and technical buying. Lack of farmer selling also seen supporting the market. July canola rose $5.60 at $511.90 per tonne. Most-active November canola added $5.20 to $518.30 per tonne. Set contract high of $521.20. July-November spread traded 3,776 times. Chicago July soybeans fell on technical selling and soymeal weakness.
Malaysian August palm oil jumped 2.2 percent and NYSE Liffe Paris August rapeseed also rose. The Canadian dollar was trading at $1.2391, or 80.70 US cents at 1:12 pm CDT (1812 GMT), down from Tuesday's close at $1.2333 to the greenback, or 81.08 US cents.