ICE Canadian canola futures eased on Friday, falling on some light profit-taking after four straight days of gains, traders said. Some rain across key growing areas also pressured the market. A firm dollar added to the bearish tone. Traders said that volumes were light. November canola settled down $3.00 at $490.30 per tonne, with only 7,707 contracts trading.
The November-January spread traded 1,592 times. US soyabean futures rose on technical buying on Friday, their fifth straight day of gains. The Canadian dollar extended gains against the US dollar on Friday after data showed Canada's annual inflation rose last month to its highest in more than six years.
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