WINNIPEG: ICE Canada canola futures rose on Wednesday, supported by technical buying and possible export demand.
The market's strength compared to oilseed rival soybeans suggests exporters may have made fresh sales after the previous day's steep decline, a trader said.
Wet conditions have delayed harvesting in Saskatchewan and Alberta, underpinning the market.
January canola gained $2.40 at $515.80 per tonne.
ICE reported 271 deliveries of November canola. The contract expires Nov. 14.
January-March canola spread traded 1,500 times.
Chicago January soybeans dropped on technical selling and big US harvest estimates.
NYSE Liffe February rapeseed and Malaysian January crude palm oil rose.
The Canadian dollar was trading at $1.3383 to the US dollar, or 74.72 US cents at 12:45 p.m. CDT (1745 GMT), higher than Tuesday's close of $1.3393, or 74.67 US cents.
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