ICE Canadian canola futures edged higher on Tuesday, pulled up by spillover strength from grains. Canola's gains lagged those of US soybeans in Monday's session, when the canola market was closed, as some dry areas of Western Canada got modest weekend rains, a trader said.
July canola added 30 cents to $532.70 per tonne. New-crop November canola gained 80 cents at $519.60 per tonne. The July-November canola spread traded 1,563 times. Chicago July soybeans climbed on easing China trade tensions. August Paris Matif rapeseed futures and July Malaysian palm oil rose. The Canadian dollar was trading at $1.2807 to the US dollar, or 78.08 US cents at 12:52 p.m. CDT (1752 GMT).