15/02/2016 (Reuters) - ICE Canadian canola futures rose on Thursday for a second straight session, after sinking to a 2-1/2-month low earlier this week. Buying likely involved short-covering triggered by gains in US soy futures, a trader said. March canola gained $6 at $468.80 per tonne.

May canola added $5.70 at $477.30 per tonne. March-May canola spread traded 9,712 times. Chicago March soybeans rose after the US Agriculture Department's report of stronger-than-expected exports spurred short-covering. Malaysian April palm oil rose and NYSE Liffe Paris May rapeseed eased. The Canadian dollar was trading at $1.3939 to the greenback, or 71.74 US cents at 12:47 pm CST (1847 GMT), little changed from Wednesday's close at $1.3933 to the greenback, or 71.77 US cents.