Canadian canola futures rise

ICE Canadian canola futures rose with soyaoil on Friday, but hovered in a tight trading range due to uncertainty about the Canadian harvest. Canola is "stuck in a void," and caught between thoughts among some investors that the Canadian harvest is bigger than Statistics Canada reported this week, and a lack of activity from funds who hold large short positions, a trader said.
November canola gained 50 cents to $448 per tonne in thin volume. Alberta crop conditions exceed the 5- and 10-year averages, the government of the Canadian province said. ICE canola will not trade its usual hours on Monday due to a Canadian holiday. November-January canola spread traded 1,844 times.