Canadian canola futures rise

ICE Canadian canola futures rose on Friday, boosted by short-covering ahead of talks between the United States and China. Traders awaited a meeting between the leaders of the United States and China at the G20 Summit that could have implications for Chinese tariffs on US soyabeans. Canadian farmers are reluctant sellers to the cash market with canola prices at low levels, adding support for the futures, a trader said.
January canola added 90 cents to $479.40. March canola gained 30 cents to $486.50. Chicago January soyabeans rose on positioning ahead of US-China trade talks.