ICE Canadian canola futures rose on Thursday for a second straight day, supported by strong gains for soyabeans on worries about Argentina's soya crop. New-crop November contract posted bigger gains as funds rolled long positions forward from July, an analyst said. Saskatchewan planting nearly complete and topsoil moisture mostly adequate, the government said.
July canola gained $3.20 to $520.60 per tonne. November canola added $4.40 at $526.30 per tonne. July-November canola spread traded 10,021 times. Chicago July soyabeans jumped on soyameal strength and concerns about Argentina's soyabean crop quality. NYSE Liffe August rapeseed and August Malaysian palm oil rose. The Canadian dollar was trading at $1.3098 to the greenback, or 76.35 US cents at 1:11 pm CDT (1811 GMT), weaker than Wednesday's close of C$1.3067, or 76.53 US cents.