ICE canola futures rise for second day, following soyoil

WINNIPEG, Manitoba, Nov 21 (Reuters) - ICE canola futures rose on Tuesday for a second straight session, following Chicago soybean oil higher.
Canola has also drawn support from funds covering part of their short positions as the oilseed's price shows technical strength. The January contract traded above its 50-day moving average.
January canola RSF4 gained $4.50 to settle at $721.20 per metric ton.
January-March canola spread, the most active inter-month spread, traded 9,040 times.
U.S. soybean futures Sv1 gained ground as Brazil's torrid, crop-threatening weather remained a prime worry for the market despite rains over the last couple of days.
Euronext February rapeseed futures /COMG4 also rose.
*All figures in Canadian dollars unless noted