Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, helped by stronger soyaoil prices and limited farmer selling. Saskatchewan farmers have made good seeding progress. Overall planting ahead of normal pace. July canola added $3.40 to $532.60 per tonne. The new-crop November canola gained $1.40 at $516.90 per tonne. The July-November canola spread traded 2,948 times. Chicago July soyabeans dipped on weak export sales.
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 12:57 pm CDT (1757 GMT).