Canadian canola futures rise

ICE Canadian canola futures rose on Wednesday, lifted by rising palm and soyaoil prices.

Farmer selling to cash buyers has slowed in recent weeks during frigid temperatures on the Canadian Prairies, underpinning canola prices, a trader said.

A weaker Canadian dollar also boosted canola, Exceed Grain Marketing analyst Wayne Palmer said.

March canola gained $1.10 to $477.90 per tonne.

March-May canola spread traded 1,870 times.

Euronext May rapeseed futures eased and Malaysian April palm oil futures jumped 3% on a forecast for lower output.

India brought swarms of desert locusts under control in two key oilseed producing states.