ICE Canadian canola closed lower on Friday following soya, but was supported by frost concerns in Western Canada and a weaker Canadian dollar, traders said. Benchmark July canola finished unchanged at $475.30 per tonne on volume of 7,057 contracts.
New-crop November fell $2.70 to $481 on 7,098 contracts traded. January dropped $2.70 to close at $486.30 on thin volume of 29 trades. The July-November spread was the main feature and traded 5,683 times between $5 and $8.90 under the November. Frost overnight Thursday to Friday, the second this week in Canada's top canola-growing province of Saskatchewan, has deepened concerns about the new crop.
Comments
Comments are closed.