ICE Canada canola rose on Wednesday, supported by technical buying. Funds were seen adding to their net long position, with the March contract tradiing above key moving averages Exporters may also have been buyers, a trader said. January canola gained $3.90 at $478.80 per tonne. Most-active March canola added $3.60 at $487.70 per tonne. January-March spread traded 4,342 times.
Chicago January soybeans dipped on the outlook for Brazil rains, and soymeal declines. Malaysian March palm oil rose 0.8 percent and NYSE Liffe Paris February rapeseed edged lower. The Canadian dollar was trading at $1.3859, or 72.16 US cents at 12:48 pm CST (1848 GMT), higher than Tuesday's close of $1.3937, or 71.75 US cents. ICE Futures Canada will close early on Thursday, at 12 pm CST (1800 GMT).