Winnipeg canola futures rose during Thursday morning trade, lifted by lack of farmer deliveries and stronger soybean prices.
Gains were limited by a strong loonie.
January canola was trading early Thursday afternoon around $413.10 per tonne, up from the close Wednesday of $404.50.
March was trading about $414.10 per tonne, up from the Wednesday close of $411. May was trading at $420.20, up from $417.10 the day before.
The Bank of Canada at noon Thursday said the Canadian dollar was worth 95.55 cents US, up from 95.01 cents on Dec. 30. The U.S. dollar was worth $1.0466 Cdn.
The Winnipeg January barley contract in the early afternnon was trading around $160, up from $154.50 per tonne the day before.
March was trading at $159, up from the Wednesday close of $158.80.
Chicago January soybeans were trading around $10.4825 US per bushel, well up from the close Wednesday of $10.3575.
Crude oil in New York rose toward $80 US per barrel in thin pre holiday trade. The weekly U.S. crude stockpile report showed stocks fell last week.
The Winnipeg Exchange is closed Friday for New Years.
