WINNIPEG: ICE canola futures gained on Thursday for a second straight day, lifted by short-covering ahead of a government crop production report due the following day.
* November canola rose $3.70 at $495 per tonne.
* Statistics Canada is scheduled to report estimates of crop production on Friday. Traders expect the agency to peg canola production at 20.2 million tonnes, down from 21.3 million a year ago.
* A lack of significant selling by farmers also supported canola, a trader said.
* The November-January canola spread traded 3,204 times.
* Chicago November soybeans dropped on large US crop prospects.
* November Paris Matif rapeseed futures and Malaysian November palm oil rose.
* The Canadian dollar was trading at $1.2974 to the US dollar, or 77.08 US cents at 1:05 p.m. CDT (1805 GMT).
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