ICE canola futures rise on technical buying

WINNIPEG, (Manitoba): ICE canola futures rose on Wednesday for the fifth-straight session on a technical rebound after losses earlier this month left it oversold.

Cool Canadian Prairie temperatures added support as farmers contemplated seeding delays, a trader said. May canola added $7.60 to settle at $770 per tonne, touching a more than two-week high. May-July canola spread, the most active inter-month spread, traded 8,356 times.

Chicago wheat futures rose to a more than four-week high after grain trader Cargill said it would stop handling grain from its Russian export terminal, and soybeans and corn also climbed. Euronext May rapeseed futures also gained ground.