Canadian canola futures rise

WINNIPEG: ICE Canadian canola futures rose on Wednesday, halting a two-day skid, on spillover strength from soya futures. Canola's gains lagged those of the US soya complex, which was unexpected given that Canadian farm selling has slowed, a broker said. January canola gained $3.90 to $587.80 per tonne. January-March canola spread traded 11,346 times. Investors have begun rolling January positions forward.

US soyabean and grain futures firmed in a short-covering rebound and as investors took positions ahead of a monthly US Department of Agriculture (USDA) supply and demand report on Thursday. Euronext February rapeseed futures rose and Malaysian February palm oil futures eased.