ICE Canadian canola fell on Friday, pressured by weak soyoil and technical selling, registering a weekly loss. Commercial buying near the day's lows and a weaker Canadian dollar underpinned the market, a trader said. Most-active January canola lost $1.60 to $471.50 per tonne. Lost 1.7 percent for the week.
March canola shed $2.40 to $477.60 per tonne. November contract expired. January-March spread traded 1,043 times. Chicago January soybeans dipped on ample global supplies and expectations for big seedings next year. Malaysian January palm oil and NYSE Liffe Paris February rapeseed fell. The Canadian dollar was trading at $1.3308, or 75.14 US cents at 1:56 pm CST (1956 GMT), lower than the Bank of Canada's Thursday close of $1.3282, or 75.29 US cents.
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