Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday, helped by a weak Canadian dollar and strength in soybean prices. Most-active July canola gained $3.60 to $528.50 per tonne. The new-crop November canola added $2.20 at $518.80 per tonne. ICE Futures Canada reported delivery of no May contracts on Tuesday. The contract expires on May 14. The July-November canola spread traded 1,540 times.
Chicago July soyabeans rose on bargain buying and concerns about wet US planting weather.
August Paris Matif rapeseed futures edged higher and Malaysian July crude palm oil eased. The Canadian dollar was trading at $1.2968 to the US dollar, or 77.11 US cents at 1:08 pm CDT (1808 GMT).