ICE canola futures rise to two-week high

Reuters04-24

(All figures in Canadian dollars unless noted)

WINNIPEG, Manitoba, April 23 (Reuters) - 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 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 rose on U.S. spring planting risks.

• Euronext August rapeseed futures declined.

(Reporting by Rod Nickel in Winnipeg; Editing by Shailesh Kuber)

((rod.nickel@tr.com; X: @RodNickel_Rtrs))

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