Canadian canola futures rise

ICE Canadian canola futures rose on Friday, touching a 6-1/2 month high on spillover support from strong soyabean prices, and notched a weekly gain. Attractive crush margins stoked commercial interest, but farmer selling to the cash pipeline limited gains, a trader said. Most-active January canola added 80 cents at $528.20 per tonne gained 2.5 percent for the week.
January-March canola spread traded 3,140 times. Chicago January soyabeans rose on strong export data and technical buying. NYSE Liffe February rapeseed dipped and Malaysian February crude palm oil rose. The Canadian dollar was trading at $1.3522 to the US dollar, or 73.95 US cents at 12:54 pm CST (1854 GMT), lower than Thursday's close of $1.3491, or 74.12 US cents.