ICE Canadian canola rose on Monday, lifted by higher soyabean and soyaoil prices. Trans-Pacific Partnership deal announced on Monday will eliminate Japan’s canola oil and meal tariffs for Canada over five years. November canola gained $1.30 to $473.20 per tonne. January canola added 80 cents to $477.70 per tonne. November-January spread traded 6,431 times. Chicago November soyabeans rose on bargain-buying.
Malaysian November palm oil and NYSE Liffe Paris November rapeseed climbed. The Canadian dollar was trading at $1.3091, or 76.39 US cents at 1:22 pm CT (1822 GMT), higher than the Bank of Canada’s official close of $1.3164, or 75.96 US cents.