ICE Canadian canola futures edged higher on Friday, supported by a weaker Canadian dollar, and were headed for a weekly gain. Gains seen limited by slight weakness in Chicago soybean futures and commercial hedges. November canola options expire on Friday. November canola rose $1.00 at $490.10 per tonne at 8:08 am CDT (1308 GMT). On course for third straight weekly gain.
Most-active January canola gained $1.10 at $501.10. Chicago November soybeans eased 2-3/4 US cents at US $13.07 per bushel, weakened by active harvesting of the US crop and reports of better-than-expected yields. MATIF Paris November rapeseed shed 1.1 percent at 8:07 am CDT (1307 GMT). Malaysian December palm oil dipped 0.7 percent. Canadian dollar was trading at $1.0445 versus the US dollar, or 95.74 US cents, down from Thursday's close at $1.0425 versus the greenback, or 95.92 US cents.
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