ICE Canadian canola futures rose on Wednesday for a third straight session, lifted by strength in soyabeans that was due to dry Argentina weather, and crusher buying. The weak Canadian dollar has bolstered crusher margins, spurring buying, a trader said.
March canola added $3 at $508.30 per tonne. May canola gained $2.20 to $513.50 per tonne. March-May canola spread traded 6,523 times. Chicago March soyabeans rose on dry conditions in Argentina.
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