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WINNIPEG: ICE Canadian canola futures rose on Friday for a second straight day, lifted by strength in soyaoil prices.
"There's a bit of confusion going on right now," a broker said of the canola market, adding that pandemic concerns cloud demand for turning canola into biodiesel. Canola has swung recently from three-year highs to sharp losses.
Most-active January canola gained $3.40 to $542.60 per tonne.
January-March canola spread traded 5,698 times.
US soyabean futures firmed on export demand.
Euronext February rapeseed futures rose and Malaysian January palm oil futures dipped.-Reuters