ICE canola futures rise for third day on US planting delays

WINNIPEG: ICE canola futures rose on Wednesday for the third straight day, propelled by climbing soy prices as rains threatened to further delay soy and corn plantings in the US Midwest.

* Canola overcame early selling that was tied to much-needed rains moving across the Canadian provinces of Saskatchewan and Alberta, a trader said.

* July canola gained $2 to $457.50 per tonne.

* Most-active November canola added $3.30 to $468.90 per tonne.

* Extreme high and low temperatures in the Canadian province of Manitoba stressed crops in the past week.

* July-November canola spread traded 12,050 times.

* Chicago July soybeans gained on persistent rains threatening US plantings.

* Paris Matif August rapeseed futures dipped and Malaysian August palm oil futures fell.

* The Canadian dollar was little changed against its US counterpart, having pulled back from a three-month high from earlier in the week, as lower oil prices countered tame US inflation data.