ICE Canadian nearby canola futures ended flat on Friday, held in check by technical and speculator selling, but notched a slight weekly gain. Uncertainty about Chinese demand weighs on the market, but a slow pace of farmer selling to cash buyers underpins it, a trader said.
Most-active May canola ended unchanged at $452.30 per tonne. Deferred contracts rose in thin volume. The May contract gained 0.2 percent for the week. ICE reported no deliveries of March contracts, with expiry on March 14. May-July canola spread traded 3,044 times. Chicago May soybeans climbed on short-covering. Malaysian May palm oil and NYSE Liffe Paris May rapeseed rose.
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