ICE canola futures rise to two-week high

ICE canola futures rose on Tuesday to a two-week high, supported by higher crude and soyoil prices.

• Further canola price support is due to brisk crusher buying ahead of a potentially dry Canadian growing season, a trader said.

• Most active July canola (RSN4) gained $5.60 to settle at $646.20 per metric ton.

* The July contract traded at times higher than its 100-day moving average for the second straight session.

• July-November spread, the most active inter-month spread, traded 6,800 times.

• Chicago Board of Trade soybean futures ZS1! rose on U.S. spring planting risks.

• Euronext August rapeseed futures (/COMQ4) declined.