ICE Canadian canola prices climbed on Tuesday with grains and oilseeds on short-covering, gaining momentum from stronger equity markets after a holiday weekend in North America. Canola's rally halted a five-day skid. November canola gained $7.60 to $462.10 per tonne. January canola added $6.80 to $466.20 per tonne.
November-January spread traded 1,427 times. Chicago November soybeans rose on technical buying and uncertainty about US soy yields. Malaysian November palm oil and NYSE Liffe Paris November rapeseed climbed. The Canadian dollar was trading at $1.3200, or 75.76 US cents at 1:11 pm CDT (1811 GMT), higher than Bank of Canada's official close on Friday of $1.3265, or 75.39 US cents.
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