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imageWINNIPEG: ICE Canada canola futures rose on Wednesday for a third straight session, climbing on spillover support from stronger soybeans.

Light buying by funds also seen supporting canola, which traded in thin volumes.

Canola has also been lifted by rising cash prices, due to improving railway transportation in Western Canada - trader.

May canola gained $2.40 at $473.30 per tonne.

July rose $2.40 to $482.30 per tonne.

May-July spread settled at a July premium of $9.00.

Chicago May soybeans added 17-1/2 U.S. cents at US$15.18-3/4 per bushel on technical strength and tight supplies.

NYSE Liffe Paris May rapeseed rose 1 percent.

Malaysian May palm oil added 1.6 percent.

Canadian dollar was trading at $1.1004 versus the U.S. dollar or 90.88 U.S. cents at 12:43 p.m. CDT (1743 GMT), down from Tuesday's close at $1.0977 to the greenback, or 91.10 U.S. cents.

German farm cooperatives forecast Germany's 2014 winter rapeseed crop to be smaller.

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