WINNIPEG: ICE Canada canola futures rose on Friday on a technical bounce, and the most-active month finished higher for the week.
Traders adjusted positions ahead of Monday's Statistics Canada report on March 31 stocks. The estimate of canola stocks is at 9 million tonnes, according to a Reuters poll, the largest ever for this time of year.
Most-active July canola rose $11.20 or 2.2 percent at $480.40 per tonne. Finished with a weekly gain of 1.3 percent.
July-November spread narrowed to a November premium of $4.00.
Chicago July soybeans gained 9-3/4 U.S. cents to US$14.70-3/4 per bushel.
NYSE Liffe Paris August rapeseed shed 1.1 percent.
Malaysian July palm oil slipped 1.2 percent.
Canadian dollar was trading at $1.0977 versus the U.S. dollar or 91.10 U.S. cents at 12:50 p.m. CDT (1750 GMT), down from Thursday's close at $1.0961 to the greenback, or 91.23 U.S. cents.
Canada weekly canola crushings fall 0.4 percent.
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