Canadian canola futures mixed

ICE Canadian canola futures were mixed on Friday, with the front-month contract rising on the back of a sharp fall in the Canadian dollar while deferred contracts weakened slightly. Traders said the dollar drop, which prompted a round of short covering by speculators, allowed canola prices to withstand pressure from a sharp fall in US soybean futures.
July canola settled up 80 cents $463.20 per tonne. Volume totaled 9,688 contracts. New-crop November canola slipped 40 cents to close at $454.90 per tonne on volume of 7,146 contracts. The July/November spread traded between $6.70 and $8.50, premium July. Chicago Board of Trade July soybean futures settled down 14-1/4 cents at $9.24-1/4, setting fresh contract lows. Malaysian July palm oil fell 1.2 percent while NYSE Liffe Paris August rapeseed dipped 0.1 percent.