ICE canola futures notch record high

WINNIPEG, (Manitoba): ICE canola futures rose on Wednesday to an all-time high, boosted by stronger soyaoil prices and underpinned by technical strength. Speculators are maintaining their long positions in nearby contracts, with prices trading above key moving averages.

January canola gained $5.50 to $1,030.20 per tonne, touching a record high for a most-active contract of 1,033.10. January-March canola spread traded 3,941 times.

US soyabean futures eased in a profit-taking and liquidation sell-off ahead of the US Thanksgiving holiday. Euronext February rapeseed futures and Malaysian February palm oil futures rose, with palm gaining on a weaker ringgit.