Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday for a third straight day, boosted by bargain-buying after a recent selloff and limited farmer sales of their crops. Global oilseed strength, especially of palm, added to canola's lift, a trader said.

March canola added $6.80 to $461.70 per tonne.

March-May canola spread traded 6,223 times.

Canadian stocks of canola as of Dec. 31 were down 2.4% year over year, to 14.3 million tonnes, Statistics Canada said.

Malaysian April palm oil futures jumped 5% on expectations of a steep drop in January production and strength in rival soyaoil.