Canadian canola futures rise

ICE Canadian canola futures rose on Monday, boosted by stronger US soyaoil prices. Canola crushers are buying canola futures and selling soyaoil and soy meal futures to lock in profitable crush margins, Exceed Grain Marketing analyst Wayne Palmer said.

Most-active January canola gained $4 to $462.20 per tonne. January-March canola spread traded 3,344 times.

Chicago soyabean futures edged higher on growing hopes of a US-China trade deal. Euronext February rapeseed futures rose and Malaysian January palm oil futures gained nearly 3% on expectations of tightening supplies.