ICE canola futures rise on Canadian dollar weakness

WINNIPEG: ICE canola futures rose on Monday, halting a four-day slide, lifted by weakness in the Canadian dollar. Speculative funds continue to maintain long positions and crushers are active buyers, a trader said.

Most-active March canola gained $4.10 to $984 per tonne. January-March canola spread traded 5,739 times. U.S. soybean futures fell on a mix of technical selling after last week’s advances and improving prospects for South American production. Euronext February rapeseed futures and Malaysian February palm oil futures dipped.