ICE Canadian canola futures rose on Thursday on a mix of light commercial and speculative buying, traders said. The bulk of the day's trading volume was spread-related, they said, as brokers rolled positions in the November contract ahead of first notice day on October 31. November canola settled up $3 at $501.20 per tonne. January canola rose $3 to $508.60 per tonne.
Chicago Board of Trade November soyabeans settled up 2-1/4 US cents at US$9.86-1/2 per bushel, led by advances in CBOT soyaoil on renewed optimism about demand for soy-based biodiesel fuel. NYSE MATIF February rapeseed fell 0.13 percent and Malaysian January palm oil futures fell 0.66 percent. The Canadian dollar edged lower against its US counterpart, retreating from a near one-week high earlier in the day, as oil prices fell and the rally in global stocks paused.