Canadian canola futures rise

ICE Canadian canola futures rose on Monday, lifted by concerns about dry weather for soybeans in Argentina and strength in rival oilseeds. March canola added $2.50 at $496.20 per tonne. May canola climbed $2.90 to $503.20 per tonne. March-May canola spread traded a brisk 6,375 times. Chicago March soybeans rose on short-covering.
NYSE MATIF May rapeseed and Malaysian April crude palm oil gained more than 1 percent. The Canadian dollar was trading at $1.2329 to the US dollar, or 81.11 US cents at 1:03 pm CST (1903 GMT).