ICE Canadian canola futures ended lower on Friday, pressured by a strengthening Canadian dollar. Benchmark March closed down $5.70 at $431.80 on volume of 6,509 lots. Traders said only routine farmer selling was seen. Weekly crushings reported by the Canadian Oilseed Processors Association for the week ended January 21 totalled 83,178 tonnes, up 12.4 percent from the previous week.
Volatility in the value of the Canadian dollar was noted, with the Canadian dollar down early but trading Friday afternoon at $1.2324 to the US dollar, or 81.14 US cents, compared with $1.2537, or 79.76 US cents, at Thursday's close. Chicago Board of Trade March soybeans ended Friday down 3 cents at $10.09 a bushel.
Comments
Comments are closed.