ICE Canadian canola futures finished mixed on Friday and registered their biggest weekly loss in more than eight months. Investors continued to roll July long positions into November, pressuring the nearby month and lifting the new-crop contract. Farmer selling of old crop supplies also pressured July. Alberta planting is 97 percent complete, the provincial government said.
Some investors have also been buying MATIF rapeseed and selling ICE canola this week to take advantage of the premium for the latter - trader. July canola lost $2.50 to $617.40 per tonne on volume of 5,236 contracts. It registered a weekly loss of 3.9 percent, the biggest on a nearby continuous chart since late September. New-crop November canola gained $2.60 to $559 per tonne on volume of 10,892 contracts. July-November spread narrowed to a July premium of $58.40, trading 3,861 times.
Chicago July soybeans added 1 US cent to US $15.28-1/4 per bushel. MATIF Paris August rapeseed eased slightly. Malaysian August palm oil gained 0.9 percent. Canadian dollar was trading at $1.0217 versus the US dollar or 97.88 US cents at 1:17 pm CDT (1817 GMT), up from Thursday's close at $1.0260 to the greenback, or 97.47 US cents.
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