ICE Canadian canola futures fell on Friday, following soyabeans down to end with a 1 percent weekly loss. Despite Manitoba flooding, concerns about planting delays easing with dry weekend forecast and progress in Alberta and western Saskatchewan - traders. Total volume of 8,800 contracts was thinnest in more than a week.
Most-active July fell $5.20 to $554.80 on volume of 6,421 contracts. Third straight weekly loss. New-crop November down $3.30 at $555.70 on volume of 2,278. No May contracts delivered on Friday. Contract expired. November premium over July dipped to 90 cents, with spread trading 1,630 times. Chicago July soyabeans ended down 13-1/4 US cents at US $13.29-1/2 per bushel, pressured by a jump in the US dollar and earlier decline in crude oil futures. July soyaoi down 0.32 cent at 56.14 US cents per lb.
The Canadian dollar was trading at $0.9691 to the US dollar or US $1.0318 as of 1:17 pm CDT (1817 GMT), down from Thursday's North American session close at $0.9623 to the US dollar, or US $1.0395. NYMEX crude oil futures settled up 68 US cents at US $99.65 per barrel. Canadian canola crushings up 6.7 percent. Manitoba fights floods. ICE Canada lowered margins requirements.
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