ICE Canadian canola futures traded mixed on Friday, and ended with a weekly loss, after several sessions of thin, featureless activity, traders said. Weaker soyabeans overhung the market and were pressured by disappointing US crush data and South America harvest pressure. Total canola volume has been light this week with some traders attending the annual Canola Council of Canada conference.
Commercial two-way trade noted in new-crop November. Most-active May canola edged up 10 cents to $623.20 per tonne on volume of 6,398 contracts. May posted a weekly loss of 0.7 percent. July eased $1.10 to $609.40 on volume of 4,348 contracts. May-July spread widened to a May premium of $13.80, trading 2,402 times. Chicago Board of Trade May soyabeans lost 9-1/2 US cents to US $14.26 per bushel. MATIF Paris May rapeseed gained 0.4 percent.
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