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WINNIPEG, (Manitoba): ICE canola futures climbed for a second straight session on Thursday, tracking a rise in soyaoil prices.
A trader noted market talk of fresh export activity due to tensions in Ukraine, a rapeseed producer, although Canadian supplies are tight.
March canola added $21.30, or 2.1%, to $1,022 per tonne.
March-May canola spread traded 2,535 times.
US soybean futures surged as a combination of rising export hopes, concerns about the South American crop and technical buying pushed prices to a seven-month high. Euronext May rapeseed futures also rose.