Canadian canola futures rise

WINNIPEG: ICE Canadian canola futures rose on Friday and halted a five-day losing streak, lifted by stronger soya prices and a weaker Canadian dollar. The pullback this week after canola hit two-year highs may not be over, a trader said. The Canadian harvest is well underway and adding new supplies to the market.

November canola gained $7.30 to $518.30 per tonne. In the Canadian province of Alberta, the canola harvest is 26% complete. November-January canola spread traded 5,891 times. US soyabean futures rebounded with bargain-buying.