WINNIPEG: ICE Canada canola futures rose on Thursday, lifted by climbing soy prices, while a higher Canadian dollar and commercial hedges capped gains, traders said.
* Crushers were noted buying after margins climbed in the past week.
* Deferred months showed strongest gains, amid early dryness concerns across Western Canada.
* March canola rose $2.90 to $527.30 a tonne on volume of 10,727 contracts.
* May added $3.60 to $533.70 on volume of 7,537 contracts.
* March-May spread traded 5,381 times, settling at a May premium of $6.40.
* Chicago March soybeans gained 9-1/4 US cents to US$12.22-3/4 per bushel, rising on a weaker US dollar and firmer cash markets. March soyoil added 0.55 cent to 51.94 US cents per lb.
* MATIF February rapeseed gained 1.9 percent.
* The Canadian dollar was trading at $1.0009 against the US dollar or 99.91 US cents at 1:15 p.m. CST (1915 GMT), up from Wednesday's close at $1.0035 to the US dollar, or 99.65 US cents. Data showed new US unemployment benefit claims rose last week.
* US crude oil futures gained 0.3 percent to US$99.70 per barrel.
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