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WINNIPEG: ICE Canadian canola futures mostly rose on Wednesday, boosted by concerns about severe weather harming late-seeded crops, and short-covering.
Canola is supported by fears about cold overnight lows, inconsistent moisture and wind damage in Western Canada, a trader said. Even so, canola's gains have outpaced soyabeans and that is unlikely to continue, he said. July canola ended unchanged at $473.30 per tonne. Most active November canola rose 50 cents to $474.90 per tonne.