ICE Canadian canola futures mostly rose on Thursday, touching a new four-month high, on technical buying and as the harvest remained behind schedule. Saskatchewan harvest has stalled since early October. Eighty percent of canola was combined as of Monday. Funds added to their long position in the January contract, a trader said. November canola settled unchanged at $510.20 per tonne.
January canola rose $1.30 at $519.50 touched $521.20, the highest most active price since June 16. November-January canola spread traded 6,688 times. Chicago November soyabeans rose on technical buying and strength in soyameal. NYSE Liffe February rapeseed and Malaysian January crude palm oil eased.