ICE Canadian canola futures rose on Wednesday, boosted by a surge in soyaoil prices. Limited selling by farmers, a large short position held by funds and strong crush margins are seen supporting the market. November canola added $1.70 to $453.10 per tonne. November-January canola spread traded 1,676 times. Chicago November soyabeans rose on uncertain yield prospects. Paris Matif November rapeseed futures and Malaysian October palm oil futures gained.
Copyright Reuters, 2019