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WINNIPEG, (Manitoba): ICE canola futures rose to a two-week high on Wednesday, tracking gains in European rapeseed.
Canola prices were further supported by commercial buying and limited farmer selling of the new Canadian harvest, industry sources said.
November-January canola spread traded 4,908 times.
Euronext November rapeseed futures rallied to a contract high, with the euro's slide adding to recent support from rising fuel markets and tight supply of the oilseed.